Dana Inc (NYSE:DAN) hit a new 52-week low during trading on Thursday . The stock traded as low as $16.65 and last traded at $16.69, with a volume of 137389 shares trading hands. The stock had previously closed at $17.01.

DAN has been the topic of several research analyst reports. Stephens restated a “hold” rating and set a $23.00 target price on shares of Dana in a research report on Wednesday, August 1st. ValuEngine lowered Dana from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 28th. Zacks Investment Research lowered Dana from a “hold” rating to a “strong sell” rating in a research report on Monday, July 30th. Royal Bank of Canada restated a “buy” rating and set a $30.00 target price on shares of Dana in a research report on Tuesday, July 17th. Finally, Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Dana has an average rating of “Hold” and a consensus target price of $27.67.

The company has a quick ratio of 1.05, a current ratio of 1.63 and a debt-to-equity ratio of 1.41. The stock has a market cap of $2.70 billion, a P/E ratio of 6.47, a PEG ratio of 4.99 and a beta of 1.68.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, July 25th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Dana had a return on equity of 32.56% and a net margin of 2.51%. The firm’s revenue was up 11063.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities analysts forecast that Dana Inc will post 2.95 earnings per share for the current year.

A number of large investors have recently made changes to their positions in DAN. BlackRock Inc. raised its stake in shares of Dana by 12.1% in the second quarter. BlackRock Inc. now owns 18,788,509 shares of the auto parts company’s stock worth $379,339,000 after purchasing an additional 2,022,490 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Dana by 3.9% in the second quarter. Wedge Capital Management L L P NC now owns 5,787,409 shares of the auto parts company’s stock worth $116,848,000 after purchasing an additional 219,373 shares during the last quarter. TCW Group Inc. raised its stake in shares of Dana by 3.2% in the second quarter. TCW Group Inc. now owns 3,574,902 shares of the auto parts company’s stock worth $72,177,000 after purchasing an additional 109,821 shares during the last quarter. Northern Trust Corp raised its stake in shares of Dana by 1.9% in the second quarter. Northern Trust Corp now owns 3,031,225 shares of the auto parts company’s stock worth $61,201,000 after purchasing an additional 55,379 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Dana by 10.8% in the second quarter. Voya Investment Management LLC now owns 2,884,989 shares of the auto parts company’s stock worth $58,248,000 after purchasing an additional 280,876 shares during the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

About Dana (NYSE:DAN)

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

Featured Article: Diversification Important in Investing

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.