Dana Incorporated (NYSE:DAN) insider Dwayne Matthews sold 17,543 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.60, for a total value of $519,272.80. Following the completion of the transaction, the insider now directly owns 76,402 shares in the company, valued at approximately $2,261,499.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Dana Incorporated (DAN) opened at $30.57 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.72 and a quick ratio of 1.17. Dana Incorporated has a 12 month low of $15.41 and a 12 month high of $31.91. The stock has a market capitalization of $4,428.71, a P/E ratio of 12.28 and a beta of 1.64.
Dana (NYSE:DAN) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 32.3% on a year-over-year basis. research analysts predict that Dana Incorporated will post 2.43 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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 9th. Dana’s payout ratio is presently 5.02%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Dana by 47.3% during the second quarter. Royal Bank of Canada now owns 208,043 shares of the auto parts company’s stock worth $4,646,000 after purchasing an additional 66,827 shares during the last quarter. Vanguard Group Inc. lifted its stake in Dana by 3.3% during the second quarter. Vanguard Group Inc. now owns 12,122,567 shares of the auto parts company’s stock worth $270,696,000 after purchasing an additional 391,487 shares during the last quarter. SG Americas Securities LLC lifted its stake in Dana by 51.0% during the second quarter. SG Americas Securities LLC now owns 60,545 shares of the auto parts company’s stock worth $1,352,000 after purchasing an additional 20,451 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Dana by 1.1% during the second quarter. Great West Life Assurance Co. Can now owns 85,680 shares of the auto parts company’s stock worth $1,912,000 after purchasing an additional 942 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Dana by 14.2% during the second quarter. Goldman Sachs Group Inc. now owns 3,884,437 shares of the auto parts company’s stock worth $86,740,000 after purchasing an additional 481,611 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Several equities analysts have recently commented on DAN shares. Zacks Investment Research downgraded Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BidaskClub raised Dana from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dana in a research report on Friday, October 27th. UBS AG reaffirmed a “neutral” rating and issued a $24.00 target price (up previously from $20.00) on shares of Dana in a research report on Tuesday, August 1st. Finally, Barclays PLC set a $28.00 target price on Dana and gave the company a “hold” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $27.00.
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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