Rodney R. Filcek Sells 3,292 Shares of Dana Incorporated (DAN) Stock
Dana Incorporated (NYSE:DAN) SVP Rodney R. Filcek sold 3,292 shares of Dana stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total transaction of $99,352.56. Following the completion of the transaction, the senior vice president now directly owns 50,251 shares in the company, valued at approximately $1,516,575.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dana (NYSE:DAN) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, November 9th. Dana’s dividend payout ratio (DPR) is presently 5.02%.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dana by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after acquiring an additional 520 shares during the period. ETRADE Capital Management LLC bought a new stake in Dana in the 2nd quarter valued at $205,000. US Bancorp DE raised its stake in Dana by 1.4% in the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 129 shares during the period. Riverhead Capital Management LLC raised its stake in Dana by 70.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,056 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 4,156 shares during the period. Finally, Oakbrook Investments LLC raised its stake in Dana by 2.9% in the 2nd quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock valued at $239,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.
DAN has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Barclays PLC lowered shares of Dana from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $24.00 in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price target on shares of Dana in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, UBS AG lowered shares of Dana to a “neutral” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.00.
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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