Dana Incorporated (NYSE:DAN) Short Interest Update

Dana Incorporated (NYSE:DAN) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,880,000 shares, an increase of 8.9% from the November 30th total of 4,480,000 shares. Approximately 3.8% of the shares of the stock are short sold. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their price target for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, BNP Paribas raised Dana from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.29.

Dana Trading Up 0.8 %

DAN stock traded up $0.09 during midday trading on Wednesday, hitting $11.56. The company had a trading volume of 1,528,119 shares, compared to its average volume of 1,511,340. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -105.08, a PEG ratio of 1.26 and a beta of 2.36. Dana has a 52 week low of $7.58 and a 52 week high of $14.89. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The stock’s 50 day moving average price is $10.31 and its 200 day moving average price is $10.85.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. As a group, equities research analysts expect that Dana will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.46%. Dana’s payout ratio is presently -363.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC purchased a new stake in shares of Dana in the 3rd quarter worth about $2,687,000. JB Capital Partners LP raised its stake in Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after buying an additional 128,000 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Dana in the third quarter worth about $346,000. SG Americas Securities LLC lifted its holdings in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after buying an additional 26,225 shares during the period. Finally, Entropy Technologies LP bought a new stake in Dana during the 3rd quarter valued at approximately $250,000. 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.