Dana (NYSE:DAN) Sets New 1-Year Low – Should You Sell?

Dana Incorporated (NYSE:DAN) reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 60179 shares changing hands. The stock had previously closed at $10.14.

Analyst Ratings Changes

Several equities research analysts have commented on DAN shares. JPMorgan Chase & Co. dropped their price objective on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. UBS Group lowered their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company downgraded shares of Dana from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $13.00 to $9.00 in a report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $12.00 price target on shares of Dana in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.50.

Dana Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 1.55. The company’s 50-day moving average is $10.54 and its two-hundred day moving average is $11.79. The company has a market capitalization of $1.23 billion, a P/E ratio of 97.44, a PEG ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. Dana’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. Equities analysts anticipate that Dana Incorporated will post 0.95 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, November 8th. Dana’s dividend payout ratio (DPR) is 444.44%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dana stock. Rhumbline Advisers raised its holdings in shares of Dana Incorporated (NYSE:DAN) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 426,586 shares of the auto parts company’s stock after acquiring an additional 5,468 shares during the period. Rhumbline Advisers owned about 0.29% of Dana worth $5,170,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.