Dana Target of Unusually Large Options Trading (DAN)

Dana Inc (NYSE:DAN) was the recipient of some unusual options trading on Monday. Investors purchased 968 call options on the company. This represents an increase of approximately 645% compared to the typical daily volume of 130 call options.

DAN has been the topic of a number of recent analyst reports. ValuEngine lowered Dana from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Royal Bank of Canada reiterated a “buy” rating on shares of Dana in a research report on Friday, October 27th. Guggenheim reiterated a “buy” rating and set a $40.00 target price on shares of Dana in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, February 6th. Finally, Barclays increased their price objective on Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.55.

In other news, CEO James Kevin Kamsickas sold 57,003 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the transaction, the chief executive officer now owns 96,312 shares in the company, valued at approximately $2,986,635.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia A. Kamsky sold 7,323 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $32.14, for a total value of $235,361.22. Following the transaction, the director now owns 35,448 shares in the company, valued at approximately $1,139,298.72. The disclosure for this sale can be found here. Insiders have sold a total of 150,533 shares of company stock worth $4,873,626 in the last quarter. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. Ameritas Investment Partners Inc. increased its stake in shares of Dana by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 56,136 shares of the auto parts company’s stock worth $1,254,000 after acquiring an additional 805 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dana by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,502 shares of the auto parts company’s stock worth $240,000 after acquiring an additional 2,447 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Dana by 1.1% in the 4th quarter. Rhumbline Advisers now owns 309,003 shares of the auto parts company’s stock worth $9,891,000 after acquiring an additional 3,218 shares during the last quarter. KBC Group NV increased its stake in shares of Dana by 107.9% in the 4th quarter. KBC Group NV now owns 6,707 shares of the auto parts company’s stock worth $215,000 after acquiring an additional 3,481 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Dana in the 4th quarter worth $120,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Dana (NYSE DAN) traded down $0.33 during midday trading on Wednesday, reaching $28.60. The company had a trading volume of 2,424,825 shares, compared to its average volume of 1,622,460. Dana has a 1 year low of $17.53 and a 1 year high of $35.27. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The firm has a market cap of $4,380.90, a P/E ratio of 6.00 and a beta of 1.66.

Dana (NYSE:DAN) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.09. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 27.0% compared to the same quarter last year. research analysts predict that Dana will post 2.44 EPS for the current fiscal year.

Dana declared that its board has approved a stock buyback plan on Wednesday, January 17th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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About Dana

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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