Dana Target of Unusually High Options Trading (NYSE:DAN)

Dana Incorporated (NYSE:DAN) saw unusually large options trading on Tuesday. Traders acquired 3,947 put options on the stock. This is an increase of 286% compared to the average daily volume of 1,022 put options.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P bought a new stake in Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP boosted its stake in shares of Dana by 28.6% in the fourth quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock valued at $21,181,000 after buying an additional 407,000 shares during the period. Great Lakes Advisors LLC grew its position in Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after buying an additional 142,850 shares in the last quarter. Martingale Asset Management L P bought a new position in Dana during the 3rd quarter worth $346,000. Finally, Russell Investments Group Ltd. raised its holdings in Dana by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock valued at $10,822,000 after acquiring an additional 17,569 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Price Performance

Shares of NYSE DAN opened at $13.71 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $12.19. The company has a market cap of $2.00 billion, a PE ratio of -35.15, a price-to-earnings-growth ratio of 0.72 and a beta of 2.42. Dana has a twelve month low of $7.58 and a twelve month high of $16.90.

Dana (NYSE:DAN) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.33 billion. On average, analysts predict that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, February 28th. Dana’s dividend payout ratio is currently -102.56%.

Analyst Ratings Changes

Several research firms have commented on DAN. UBS Group boosted their target price on Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. Barclays raised their target price on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price objective on shares of Dana from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company upgraded Dana from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $10.00 to $16.00 in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.50.

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.