Dana (NYSE:DAN) Reaches New 1-Year High – Here’s Why

Dana Incorporated (NYSE:DAN)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $29.53 and last traded at $29.3150, with a volume of 470963 shares trading hands. The stock had previously closed at $27.25.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Dana from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Wells Fargo & Company increased their price objective on shares of Dana from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $36.00 target price on shares of Dana in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.17.

Dana Trading Up 2.5%

The firm has a 50 day simple moving average of $23.85 and a 200 day simple moving average of $20.74. The firm has a market cap of $3.62 billion, a P/E ratio of 68.85, a P/E/G ratio of 1.20 and a beta of 2.14. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. Dana’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Dana by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares during the period. Amalgamated Bank grew its stake in shares of Dana by 3.5% during the 3rd quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock valued at $768,000 after purchasing an additional 1,279 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Dana during the 2nd quarter valued at about $25,000. State of Tennessee Department of Treasury lifted its stake in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after purchasing an additional 5,405 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Dana by 2.2% in the second quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after buying an additional 8,787 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.