Dana Incorporated (NYSE:DAN) Short Interest Down 6.1% in September

Dana Incorporated (NYSE:DAN) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 4,810,000 shares, a decline of 6.1% from the August 31st total of 5,120,000 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 4.2 days.

Hedge Funds Weigh In On Dana

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares during the period. SG Americas Securities LLC bought a new stake in Dana during the 2nd quarter worth approximately $388,000. Finally, Cibc World Markets Corp increased its position in Dana by 46.0% in the 4th quarter. Cibc World Markets Corp now owns 1,190,000 shares of the auto parts company’s stock valued at $17,386,000 after acquiring an additional 375,000 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DAN has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Dana from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. StockNews.com raised shares of Dana from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group reduced their target price on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays boosted their price target on Dana from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $12.00 price target on shares of Dana in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Dana currently has an average rating of “Hold” and an average target price of $14.00.

Dana Stock Down 0.1 %

DAN stock opened at $10.55 on Wednesday. The firm has a 50-day moving average price of $10.76 and a 200-day moving average price of $12.04. Dana has a 12 month low of $9.16 and a 12 month high of $15.07. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $1.53 billion, a P/E ratio of 117.22, a price-to-earnings-growth ratio of 0.53 and a beta of 2.29.

Dana (NYSE:DAN) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.37 EPS. As a group, equities research analysts anticipate that Dana will post 0.98 EPS for the current fiscal year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 3.79%. Dana’s dividend payout ratio is currently 444.44%.

Dana Company Profile

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.