Dana Inc (NYSE:DAN)’s stock price rose 5.1% during trading on Thursday . The company traded as high as $19.00 and last traded at $18.91, approximately 1,643,500 shares were traded during mid-day trading. A decline of 4% from the average daily volume of 1,704,363 shares. The stock had previously closed at $17.99.
DAN has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of Dana from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. ValuEngine downgraded shares of Dana from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 19th. Oppenheimer initiated coverage on shares of Dana in a research report on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 price objective on the stock. Bank of America raised shares of Dana from a “neutral” rating to a “buy” rating in a research report on Friday, September 13th. They noted that the move was a valuation call. Finally, KeyCorp dropped their target price on shares of Dana from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.56.
The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.64. The stock’s 50-day moving average is $17.12 and its 200 day moving average is $16.04. The stock has a market capitalization of $2.59 billion, a PE ratio of 6.21, a P/E/G ratio of 1.34 and a beta of 2.23.
Dana (NYSE:DAN) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dana had a net margin of 2.80% and a return on equity of 26.97%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. Analysts expect that Dana Inc will post 3.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 7th. Dana’s dividend payout ratio (DPR) is 13.47%.
In related news, insider Dwayne Matthews sold 35,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.70, for a total transaction of $619,500.00. Following the completion of the sale, the insider now owns 105,564 shares in the company, valued at approximately $1,868,482.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan Mark Collins sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00. Following the sale, the chief financial officer now owns 7,015 shares of the company’s stock, valued at approximately $123,604.30. The disclosure for this sale can be found here. Insiders sold a total of 77,851 shares of company stock worth $1,367,964 over the last ninety days. Insiders own 0.75% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Dana by 5.0% during the 2nd quarter. BlackRock Inc. now owns 19,040,843 shares of the auto parts company’s stock worth $379,673,000 after purchasing an additional 906,329 shares during the period. Wedge Capital Management L L P NC boosted its stake in Dana by 9.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 6,102,139 shares of the auto parts company’s stock worth $88,115,000 after purchasing an additional 519,137 shares during the period. Invesco Ltd. boosted its stake in Dana by 15.4% during the 2nd quarter. Invesco Ltd. now owns 3,978,035 shares of the auto parts company’s stock worth $79,323,000 after purchasing an additional 530,630 shares during the period. Northern Trust Corp boosted its stake in Dana by 8.8% during the 2nd quarter. Northern Trust Corp now owns 3,330,635 shares of the auto parts company’s stock worth $66,414,000 after purchasing an additional 270,555 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Dana by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,097,661 shares of the auto parts company’s stock worth $61,767,000 after purchasing an additional 273,385 shares during the period. Hedge funds and other institutional investors own 95.49% 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 Drive and Motion Technologies, and Power Technologies.
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