Dana Incorporated (NYSE:DAN) Short Interest Update

Dana Incorporated (NYSE:DAN) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,480,000 shares, an increase of 40.0% from the November 15th total of 3,200,000 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAN. Wolfe Research began coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating 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. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. reduced their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Dana currently has an average rating of “Hold” and a consensus price target of $14.86.

Institutional Trading of Dana

Several institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in Dana during the third quarter worth approximately $2,687,000. JB Capital Partners LP increased its stake in Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Rhumbline Advisers raised its holdings in Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock worth $5,170,000 after buying an additional 5,468 shares during the period. SG Americas Securities LLC purchased a new stake in Dana during the second quarter valued at about $388,000. Finally, Entropy Technologies LP acquired a new position in shares of Dana in the third quarter worth about $250,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Performance

Shares of Dana stock traded up $0.16 during trading hours on Friday, reaching $12.68. The company’s stock had a trading volume of 1,894,064 shares, compared to its average volume of 1,512,219. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. Dana has a one year low of $7.58 and a one year high of $15.07. The company’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $11.01. The stock has a market cap of $1.84 billion, a P/E ratio of -115.27, a price-to-earnings-growth ratio of 1.26 and a beta of 2.36.

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

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were given a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.15%. Dana’s dividend payout ratio (DPR) is -363.64%.

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.