Dana Incorporated (NYSE:DAN) Short Interest Up 6.2% in September

Dana Incorporated (NYSE:DAN) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 5,110,000 shares, a growth of 6.2% from the September 15th total of 4,810,000 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DAN. UBS Group decreased their price objective on Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Wolfe Research started coverage on shares of Dana in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Barclays cut their target price on Dana from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dana stock. SG Americas Securities LLC purchased a new position in Dana Incorporated (NYSE:DAN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,049 shares of the auto parts company’s stock, valued at approximately $388,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Price Performance

NYSE DAN traded down $0.09 during trading hours on Thursday, reaching $11.10. 3,403,747 shares of the stock traded hands, compared to its average volume of 1,285,329. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 124.28, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The stock has a 50 day simple moving average of $10.57 and a two-hundred day simple moving average of $11.92. Dana has a 1 year low of $9.16 and a 1 year high of $15.07.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. On average, analysts predict that Dana will post 0.95 EPS for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, August 9th. Dana’s dividend payout ratio (DPR) is presently 444.44%.

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.