Dana Holding Director Mark A. Schulz Sells 7,150 Shares (DAN)
Dana Holding (NYSE:DAN) Director Mark A. Schulz sold 7,150 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $23.49, for a total transaction of $167,953.50. Following the sale, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $704,700. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on DAN. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Dana Holding in a research note on Friday, July 25th. They now have a $25.00 price target on the stock, up previously from $24.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Dana Holding in a research note on Friday, July 25th. They now have a $26.00 price target on the stock, up previously from $24.00. Finally, analysts at Goldman Sachs downgraded shares of Dana Holding from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $27.00 price target on the stock, down previously from $28.00. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.88.
Shares of Dana Holding (NYSE:DAN) traded down 0.84% during mid-day trading on Thursday, hitting $23.65. 126,441 shares of the company’s stock traded hands. Dana Holding has a 1-year low of $18.06 and a 1-year high of $24.82. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $22.30. The company’s market cap is $3.680 billion.
Dana Holding (NYSE:DAN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts predict that Dana Holding will post $1.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 22nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, August 20th.
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.
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