Dana (NYSE:DAN) Research Coverage Started at UBS Group

Investment analysts at UBS Group assumed coverage on shares of Dana (NYSE:DAN) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating and a $20.00 price target on the auto parts company’s stock. UBS Group’s price objective would suggest a potential upside of 19.05% from the stock’s previous close.

Several other research firms also recently weighed in on DAN. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “sell” rating in a research note on Tuesday, October 8th. ValuEngine downgraded shares of Dana from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. Bank of America raised shares of Dana from a “neutral” rating to a “buy” rating in a research note on Friday, September 13th. They noted that the move was a valuation call. Barclays reduced their price objective on shares of Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Finally, KeyCorp reduced their price objective on shares of Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.56.

Shares of NYSE:DAN traded up $0.09 during trading hours on Tuesday, hitting $16.80. 523,897 shares of the company’s stock traded hands, compared to its average volume of 1,756,528. Dana has a 1 year low of $11.57 and a 1 year high of $20.96. The business has a fifty day moving average price of $15.80 and a 200-day moving average price of $16.01. The firm has a market capitalization of $2.41 billion, a P/E ratio of 5.66, a price-to-earnings-growth ratio of 1.71 and a beta of 2.23. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.64 and a quick ratio of 1.03.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Dana will post 3.06 earnings per share for the current year.

In other Dana news, insider Robert D. Pyle sold 32,851 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $17.42, for a total value of $572,264.42. Following the sale, the insider now directly owns 72,048 shares of the company’s stock, valued at $1,255,076.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark E. Wallace sold 44,570 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total transaction of $597,683.70. Following the completion of the sale, the executive vice president now directly owns 145,431 shares in the company, valued at $1,950,229.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,421 shares of company stock worth $1,965,648. 0.75% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Dana by 3,016.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,310,709 shares of the auto parts company’s stock worth $26,136,000 after purchasing an additional 1,268,646 shares during the last quarter. Morgan Stanley raised its position in shares of Dana by 722.6% during the 2nd quarter. Morgan Stanley now owns 1,163,065 shares of the auto parts company’s stock worth $23,192,000 after purchasing an additional 1,021,673 shares during the last quarter. BlackRock Inc. raised its position in shares of 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 last quarter. Nuveen Asset Management LLC raised its holdings in Dana by 47.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock valued at $51,896,000 after acquiring an additional 842,244 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Dana by 46.5% in the 2nd quarter. Prudential Financial Inc. now owns 2,602,147 shares of the auto parts company’s stock valued at $51,887,000 after acquiring an additional 825,433 shares during the last quarter. 94.70% of the stock is currently owned by institutional investors.

About Dana

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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