DAN has been the subject of a number of other reports. Oppenheimer initiated coverage on Dana in a report on Tuesday, November 19th. They set an “outperform” rating and a $20.00 price target for the company. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 price target on shares of Dana in a report on Sunday, December 22nd. Barclays decreased their price target on Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, UBS Group initiated coverage on Dana in a research note on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.88.
Dana stock traded down $0.29 during trading hours on Wednesday, reaching $17.10. 1,136,778 shares of the company’s stock were exchanged, compared to its average volume of 1,173,476. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. The firm’s 50 day simple moving average is $17.72 and its 200 day simple moving average is $16.32. Dana has a twelve month low of $11.57 and a twelve month high of $20.96. The firm has a market capitalization of $2.50 billion, a PE ratio of 5.76, a PEG ratio of 1.31 and a beta of 2.24.
In other news, insider Robert D. Pyle sold 32,851 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total value of $572,264.42. Following the completion of the sale, the insider now directly owns 72,048 shares in the company, valued at approximately $1,255,076.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dwayne Matthews sold 35,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.70, for a total value of $619,500.00. Following the completion of the sale, the insider now owns 105,564 shares of the company’s stock, valued at $1,868,482.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,851 shares of company stock valued at $1,367,964. 0.75% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DAN. First Trust Advisors LP lifted its position in Dana by 54.6% in the 1st quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock valued at $3,583,000 after acquiring an additional 71,292 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Dana by 5.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 160,972 shares of the auto parts company’s stock valued at $2,856,000 after acquiring an additional 8,801 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Dana in the 2nd quarter valued at about $300,000. Bank of Montreal Can lifted its position in Dana by 91.0% in the 2nd quarter. Bank of Montreal Can now owns 245,754 shares of the auto parts company’s stock valued at $4,901,000 after acquiring an additional 117,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dana by 7.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,557,552 shares of the auto parts company’s stock valued at $31,058,000 after acquiring an additional 111,974 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.
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 Drive and Motion Technologies, and Power Technologies.
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