10 Best Performing Mid Cap Stocks to Buy According to Analysts

5. Dana Inc. (NYSE:DAN)

Year-to-Date Performance as of February 24: 35.90%

Upside Potential as of February 24: 33.08%

Number of Hedge Fund Holders: 27

Dana Inc. (NYSE:DAN) provides power conveyance and energy-management solutions for vehicles and machinery. Operating across diverse segments, it offers comprehensive drive and motion systems, electrodynamic technologies, and digital solutions. It serves manufacturers in the light, commercial, and off-highway vehicle markets, as well as the industrial sector.

The company’s ‘New Dana’ segment represents over 80% of its backlog. New Dana focuses on light and commercial vehicle systems, after the divestiture of its Off-Highway segment. The Off-Highway segment produces drivetrain and motion systems for heavy-duty, non-road vehicles and equipment. The company is aggressively pursuing margin improvements within the New Dana segment, targeting 8.1% to 8.6% in 2025 and aiming for double-digit margins by 2026. This focus is driven by a $300 million cost reduction program, with significant portions already realized, and ongoing efforts to enhance operational efficiency. The 2025 guidance anticipates overall sales of ~$9.75 billion.

Looking ahead, Dana Inc. (NYSE:DAN) is implementing strategic initiatives to further strengthen New Dana. This includes consolidating power technologies initiatives for $15 to $20 million in run-rate savings and adopting a measured approach to EV programs to reduce capital expenditure. The company is also navigating market fluctuations, anticipating a flattish light vehicle market and a stabilizing commercial vehicle market towards the end of 2025.