Dana Holding Corp. (DAN) Sees Large Volume Increase
Dana Holding Corp. (NYSE:DAN) shares saw strong trading volume on Monday . 1,539,911 shares traded hands during trading, a decline of 7% from the previous session’s volume of 1,654,750 shares.The stock last traded at $11.70 and had previously closed at $11.52.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Dana Holding Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. FBR & Co reiterated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Dana Holding Corp. in a report on Tuesday, April 19th. Finally, Royal Bank Of Canada upped their price objective on shares of Dana Holding Corp. from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.00.
The stock has a market capitalization of $1.74 billion and a PE ratio of 12.99. The company’s 50 day moving average is $11.49 and its 200-day moving average is $12.30.
Dana Holding Corp. (NYSE:DAN) last announced its quarterly earnings results on Thursday, April 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.52 billion. The firm’s revenue was down 9.9% on a year-over-year basis. Equities research analysts forecast that Dana Holding Corp. will post $1.62 earnings per share for the current year.
A number of large investors have recently made changes to their positions in DAN. CNA Financial Corp raised its stake in shares of Dana Holding Corp. by 8.4% in the fourth quarter. CNA Financial Corp now owns 92,624 shares of the company’s stock worth $1,278,000 after buying an additional 7,150 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Dana Holding Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 103,309 shares of the company’s stock worth $1,425,000 after buying an additional 35,046 shares during the period. Bank of Montreal Can raised its stake in shares of Dana Holding Corp. by 433.1% in the fourth quarter. Bank of Montreal Can now owns 156,117 shares of the company’s stock worth $2,154,000 after buying an additional 126,832 shares during the period. California State Teachers Retirement System raised its stake in shares of Dana Holding Corp. by 13.1% in the fourth quarter. California State Teachers Retirement System now owns 283,349 shares of the company’s stock worth $3,910,000 after buying an additional 32,880 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Dana Holding Corp. by 0.4% in the fourth quarter. Rhumbline Advisers now owns 316,091 shares of the company’s stock worth $4,362,000 after buying an additional 1,185 shares during the period.
Dana Holding Corporation is a global provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It operates in four business 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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