Dana Incorporated (NYSE:DAN – Get Rating) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 4,520,000 shares, a growth of 11.6% from the March 15th total of 4,050,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 4.2 days. Currently, 3.2% of the company’s shares are sold short.
Dana Price Performance
Shares of NYSE DAN opened at $14.75 on Thursday. The stock has a market cap of $2.13 billion, a PE ratio of -8.78 and a beta of 2.38. Dana has a fifty-two week low of $11.17 and a fifty-two week high of $19.30. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.90 and a current ratio of 1.54. The stock has a fifty day moving average of $15.41 and a 200-day moving average of $15.85.
Dana (NYSE:DAN – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The auto parts company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.33). The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Dana had a negative net margin of 2.38% and a positive return on equity of 3.02%. The company’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Dana will post 0.8 earnings per share for the current year.
Dana Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, March 2nd. Dana’s dividend payout ratio is -23.81%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Barclays decreased their target price on Dana from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on Dana from $16.00 to $14.00 in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Company decreased their target price on Dana from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.25.
Institutional Investors Weigh In On Dana
Several large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Dana by 1.9% during the fourth quarter. Amalgamated Bank now owns 86,253 shares of the auto parts company’s stock valued at $1,305,000 after buying an additional 1,619 shares during the period. Bessemer Group Inc. boosted its stake in Dana by 478.0% during the third quarter. Bessemer Group Inc. now owns 2,578 shares of the auto parts company’s stock valued at $29,000 after buying an additional 2,132 shares during the period. Yousif Capital Management LLC boosted its stake in Dana by 2.9% during the first quarter. Yousif Capital Management LLC now owns 82,651 shares of the auto parts company’s stock valued at $1,452,000 after buying an additional 2,303 shares during the period. Whittier Trust Co. bought a new stake in Dana during the third quarter valued at $34,000. Finally, Captrust Financial Advisors boosted its stake in Dana by 121.5% during the second quarter. Captrust Financial Advisors now owns 5,502 shares of the auto parts company’s stock valued at $77,000 after buying an additional 3,018 shares during the period. Institutional investors own 94.13% of the company’s stock.
About Dana
Dana, Inc engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products. It operates through the following segments: Light Vehicle, Commercial Vehicle, Off-Highway, and Power Technologies. The Light Vehicle segment includes drivetrain systems and components for passenger cars, crossovers, sport utility vehicles, vans, and light trucks.