Dana Incorporated (NYSE:DAN) had its price target lifted by Deutsche Bank AG from $24.00 to $30.00 in a report issued on Friday. The firm presently has a “hold” rating on the auto parts company’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 3.23% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Dana from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, July 27th. FBR & Co reiterated a “neutral” rating and issued a $25.00 price objective (up previously from $17.00) on shares of Dana in a research note on Friday, October 27th. Barclays PLC set a $28.00 price objective on shares of Dana and gave the company a “hold” rating in a research note on Friday, October 20th. Royal Bank Of Canada reiterated a “buy” rating and issued a $27.00 price objective on shares of Dana in a research note on Thursday, October 5th. Finally, BidaskClub cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Dana presently has an average rating of “Hold” and a consensus price target of $28.00.
Dana (NYSE:DAN) opened at $31.00 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 1.36. The firm has a market cap of $4,392.49, a PE ratio of 12.18 and a beta of 1.64. Dana has a fifty-two week low of $16.38 and a fifty-two week high of $31.91.
Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Dana had a net margin of 10.27% and a return on equity of 29.34%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. equities research analysts predict that Dana will post 2.43 earnings per share for the current fiscal year.
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In other Dana news, Director Terrence J. Keating sold 2,321 shares of Dana stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.62, for a total transaction of $68,748.02. Following the transaction, the director now directly owns 52,140 shares of the company’s stock, valued at $1,544,386.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the senior vice president now directly owns 50,251 shares in the company, valued at $1,516,575.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,759 shares of company stock valued at $1,773,750. 1.60% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position 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 valued at $270,696,000 after buying an additional 391,487 shares in the last quarter. State Street Corp lifted its position in shares of Dana by 3.3% during the second quarter. State Street Corp now owns 5,224,885 shares of the auto parts company’s stock worth $116,673,000 after purchasing an additional 165,291 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dana by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,413,135 shares of the auto parts company’s stock worth $123,392,000 after purchasing an additional 70,332 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in shares of Dana by 24.9% during the third quarter. Frontier Capital Management Co. LLC now owns 3,592,845 shares of the auto parts company’s stock worth $100,456,000 after purchasing an additional 717,152 shares in the last quarter. 94.99% of the stock is currently owned by hedge funds and other institutional investors.
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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