Dana Target of Unusually High Options Trading (DAN)

Dana Inc (NYSE:DAN) was the target of unusually large options trading on Tuesday. Traders acquired 2,382 call options on the stock. This represents an increase of 3,509% compared to the average daily volume of 66 call options.

In other news, Director Terrence J. Keating sold 2,321 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $29.62, for a total value of $68,748.02. Following the completion of the transaction, the director now directly owns 52,140 shares in the company, valued at $1,544,386.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Kevin Kamsickas sold 57,003 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.01, for a total value of $1,767,663.03. Following the completion of the transaction, the chief executive officer now owns 96,312 shares of the company’s stock, valued at $2,986,635.12. The disclosure for this sale can be found here. Insiders sold a total of 116,762 shares of company stock valued at $3,541,413 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC raised its stake in Dana by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 258,083 shares of the auto parts company’s stock valued at $4,984,000 after acquiring an additional 13,498 shares during the last quarter. Capstone Asset Management Co. boosted its holdings 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 acquiring an additional 80 shares during the last quarter. LS Investment Advisors LLC grew its stake in Dana by 20.3% in the second quarter. LS Investment Advisors LLC now owns 11,677 shares of the auto parts company’s stock worth $261,000 after purchasing an additional 1,967 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Dana by 3.6% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the auto parts company’s stock worth $842,000 after purchasing an additional 1,300 shares in the last quarter. Finally, State Treasurer State of Michigan grew its stake in Dana by 1.9% in the second quarter. State Treasurer State of Michigan now owns 59,600 shares of the auto parts company’s stock worth $1,331,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.

Several analysts have commented on the company. Deutsche Bank raised their price objective on Dana from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 17th. B. Riley reaffirmed a “neutral” rating on shares of Dana in a research note on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dana in a research note on Friday, October 27th. Barclays lifted their price target on Dana from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Finally, Buckingham Research lifted their price target on Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.00.

Dana (DAN) opened at $33.04 on Friday. The company has a market capitalization of $4,790.00, a P/E ratio of 13.18 and a beta of 1.64. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36. Dana has a 52 week low of $16.62 and a 52 week high of $33.45.

Dana (NYSE:DAN) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. Dana’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. equities research analysts predict that Dana will post 2.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.73%. Dana’s dividend payout ratio is currently 5.03%.

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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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