Dana Inc (NYSE:DAN) saw some unusual options trading activity on Wednesday. Investors purchased 20,472 call options on the stock. This represents an increase of 4,429% compared to the typical volume of 452 call options.
DAN opened at $14.91 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 1.64 and a beta of 1.88. Dana has a 1-year low of $13.76 and a 1-year high of $35.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.65 and a quick ratio of 1.04.
Dana (NYSE:DAN) last posted its quarterly earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. Dana had a net margin of 2.79% and a return on equity of 34.30%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Equities research analysts anticipate that Dana will post 2.93 earnings per share for the current fiscal year.
Several brokerages recently issued reports on DAN. Zacks Investment Research lowered shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Monday, July 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Dana in a research report on Tuesday, July 17th. Stephens reiterated a “hold” rating and issued a $23.00 price target on shares of Dana in a research report on Wednesday, August 1st. Buckingham Research dropped their price target on shares of Dana from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, July 26th. Finally, Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.80.
Several large investors have recently modified their holdings of DAN. Principal Financial Group Inc. boosted its position in shares of Dana by 7.4% during the first quarter. Principal Financial Group Inc. now owns 1,027,760 shares of the auto parts company’s stock worth $26,475,000 after acquiring an additional 70,655 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Dana by 21.0% during the second quarter. Xact Kapitalforvaltning AB now owns 21,890 shares of the auto parts company’s stock worth $442,000 after acquiring an additional 3,800 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Dana during the second quarter worth $869,000. Amalgamated Bank boosted its position in shares of Dana by 13.9% during the second quarter. Amalgamated Bank now owns 23,661 shares of the auto parts company’s stock worth $478,000 after acquiring an additional 2,885 shares during the last quarter. Finally, Foster & Motley Inc. bought a new position in shares of Dana during the second quarter worth $680,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
Dana Company Profile
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.
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