Dana (NYSE:DAN) had its price objective upped by equities researchers at Deutsche Bank from $24.00 to $30.00 in a note issued to investors on Friday, November 17th. The brokerage presently has a “hold” rating on the auto parts company’s stock. Deutsche Bank’s target price would suggest a potential downside of 8.17% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. UBS reissued a “neutral” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Dana in a report on Tuesday, August 1st. B. Riley reaffirmed a “neutral” rating on shares of Dana in a report on Wednesday, November 1st. BidaskClub downgraded shares of Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Buckingham Research lifted their price objective on shares of Dana from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Dana in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Dana has a consensus rating of “Hold” and a consensus price target of $28.00.
Dana (NYSE DAN) opened at $32.67 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market cap of $4,732.94, a PE ratio of 13.12 and a beta of 1.67. Dana has a 12 month low of $16.83 and a 12 month high of $33.45.
In other news, SVP Rodney R. Filcek sold 3,292 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total transaction of $99,352.56. Following the transaction, the senior vice president now owns 50,251 shares in the company, valued at $1,516,575.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now owns 96,312 shares in the company, valued at approximately $2,986,635.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,762 shares of company stock valued at $3,541,413. 1.60% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dana by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 520 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Dana in the 3rd quarter worth approximately $204,000. First Allied Advisory Services Inc. purchased a new stake in Dana in the 3rd quarter worth approximately $206,000. Pacer Advisors Inc. purchased a new stake in Dana in the 3rd quarter worth approximately $230,000. Finally, ETRADE Capital Management LLC purchased a new stake in Dana in the 2nd quarter worth approximately $205,000. Institutional investors own 96.49% of the company’s stock.
Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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