Dana Incorporated (DAN) Lowered to Equal Weight at Barclays PLC
Other equities analysts have also issued reports about the company. UBS AG lowered Dana to a neutral rating in a research report on Thursday, July 13th. BidaskClub upgraded Dana from a hold rating to a buy rating in a research note on Saturday, June 10th. Susquehanna Bancshares Inc downgraded Dana from a neutral rating to a negative rating and set a $19.00 price target for the company. in a research note on Thursday, July 13th. Zacks Investment Research downgraded Dana from a buy rating to a hold rating in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG downgraded Dana from a buy rating to a hold rating and set a $20.00 price target for the company. in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $21.44.
Shares of Dana (DAN) traded down 0.08% on Wednesday, reaching $23.84. 556,279 shares of the company were exchanged. The stock has a 50 day moving average price of $22.35 and a 200-day moving average price of $20.15. Dana has a 12 month low of $12.00 and a 12 month high of $24.10. The stock has a market capitalization of $3.45 billion, a P/E ratio of 5.19 and a beta of 1.49.
Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, May 2nd. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.25. Dana had a return on equity of 31.55% and a net margin of 11.02%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, equities analysts expect that Dana will post $1.97 EPS for the current fiscal year.
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In other news, SVP Rodney R. Filcek sold 10,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $20.35, for a total value of $203,500.00. Following the completion of the transaction, the senior vice president now owns 36,481 shares in the company, valued at $742,388.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dwayne Matthews sold 6,667 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $20.13, for a total value of $134,206.71. Following the completion of the transaction, the insider now owns 49,422 shares of the company’s stock, valued at approximately $994,864.86. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. World Asset Management Inc boosted its position in Dana by 0.3% in the first quarter. World Asset Management Inc now owns 10,815 shares of the auto parts company’s stock valued at $209,000 after buying an additional 37 shares in the last quarter. Capstone Asset Management Co. boosted its position in Dana by 0.4% in the second quarter. Capstone Asset Management Co. now owns 18,278 shares of the auto parts company’s stock valued at $408,000 after buying an additional 80 shares in the last quarter. US Bancorp DE boosted its position in Dana by 1.4% in the second quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after buying an additional 129 shares in the last quarter. Oakbrook Investments LLC boosted its position in Dana by 2.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock valued at $239,000 after buying an additional 300 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in Dana by 3.2% in the first quarter. Advantus Capital Management Inc now owns 18,439 shares of the auto parts company’s stock valued at $356,000 after buying an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 97.34% of the company’s stock.
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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