Insider Selling: Dana Holding Corp. SVP Unloads 4,000 Shares of Stock (DAN)
Dana Holding Corp. (NYSE:DAN) SVP Rodney R. Filcek sold 4,000 shares of the company’s stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $20.80, for a total transaction of $83,200.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at approximately $394,264. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
DAN has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Dana Holding Corp. to $24.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Dana Holding Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a $21.20 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Dana Holding Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $25.00 price target on the stock, up previously from $22.00. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.65.
Shares of Dana Holding Corp. (NYSE:DAN) traded down 0.48% on Tuesday, hitting $20.8001. The stock had a trading volume of 854,541 shares. Dana Holding Corp. has a 1-year low of $15.41 and a 1-year high of $23.46. The stock has a 50-day moving average of $19.5 and a 200-day moving average of $20.89. The company has a market cap of $3.056 billion and a price-to-earnings ratio of 106.09.
Dana Holding Corp. (NYSE:DAN) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.07. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.37 earnings per share. Dana Holding Corp.’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that Dana Holding Corp. will post $1.72 EPS for the current fiscal year.
Dana Holding Corporation is global provider of technology driveline, sealing and thermal-management products for vehicle manufacturer in the on-highway and off-highway markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.