Dana (NYSE:DAN) Hits New 52-Week High – What’s Next?

Shares of Dana Incorporated (NYSE:DAN) hit a new 52-week high on Tuesday . The company traded as high as $35.81 and last traded at $35.4190, with a volume of 77604 shares trading hands. The stock had previously closed at $34.84.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAN. Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $36.00 price target on shares of Dana in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Royal Bank Of Canada increased their target price on Dana from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, UBS Group upped their price objective on Dana from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.17.

Dana Stock Performance

The firm has a fifty day simple moving average of $28.80 and a 200-day simple moving average of $23.36. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 79.14, a P/E/G ratio of 1.28 and a beta of 2.14. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a dividend of $0.12 per share. This is a positive change from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Dana’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Trading of Dana

A number of hedge funds have recently made changes to their positions in DAN. EverSource Wealth Advisors LLC increased its stake in shares of Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after buying an additional 445 shares during the period. GAMMA Investing LLC lifted its stake in Dana by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after buying an additional 439 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Dana during the 2nd quarter worth approximately $176,000. Catalyst Funds Management Pty Ltd bought a new stake in shares of Dana in the 4th quarter valued at $309,000. Finally, SG Americas Securities LLC acquired a new position in shares of Dana during the 3rd quarter valued at $488,000. 96.79% of the stock is owned by institutional investors and hedge funds.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.