Dana Inc (NYSE:DAN) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 2,000 put options on the company. This represents an increase of 541% compared to the typical daily volume of 312 put options.
Dana (DAN) opened at $26.16 on Wednesday. The company has a market cap of $3,791.77, a PE ratio of 10.37 and a beta of 1.79. Dana has a fifty-two week low of $17.53 and a fifty-two week high of $35.27. The company has a current ratio of 1.69, a quick ratio of 1.12 and a debt-to-equity ratio of 1.58.
Dana (NYSE:DAN) last issued its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. equities analysts predict that Dana will post 2.8 earnings per share for the current fiscal year.
Dana declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 17th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the auto parts company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other news, insider Aziz Aghili sold 12,624 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.12, for a total value of $418,106.88. Following the sale, the insider now directly owns 18,024 shares in the company, valued at approximately $596,954.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark E. Wallace sold 40,339 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $33.42, for a total transaction of $1,348,129.38. Following the completion of the sale, the executive vice president now owns 108,139 shares in the company, valued at $3,614,005.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,207 shares of company stock worth $2,870,602. Insiders own 1.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new position in Dana during the 4th quarter valued at about $120,000. Macquarie Group Ltd. bought a new position in Dana in the 4th quarter worth about $141,000. Boothbay Fund Management LLC bought a new position in Dana in the 3rd quarter worth about $204,000. Advisory Services Network LLC bought a new position in Dana in the 4th quarter worth about $204,000. Finally, First Allied Advisory Services Inc. bought a new position in Dana in the 3rd quarter worth about $206,000. Institutional investors own 97.96% of the company’s stock.
A number of analysts have recently weighed in on DAN shares. Deutsche Bank boosted their target price on shares of Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, February 6th. Barclays restated a “hold” rating and issued a $32.00 target price on shares of Dana in a report on Tuesday, January 9th. TheStreet downgraded shares of Dana from a “b” rating to a “c” rating in a report on Tuesday, February 13th. Finally, Guggenheim set a $36.00 target price on shares of Dana and gave the stock a “buy” rating in a report on Wednesday, February 14th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.45.
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Dana Company Profile
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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