Dana Sees Unusually Large Options Volume (DAN)

Dana Inc (NYSE:DAN) was the target of unusually large options trading on Tuesday. Traders bought 1,575 put options on the company. This represents an increase of approximately 1,235% compared to the typical daily volume of 118 put options.

DAN has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $30.00 target price on shares of Dana in a research report on Tuesday, July 17th. TheStreet cut Dana from a “b-” rating to a “c” rating in a research report on Monday. Zacks Investment Research raised Dana from a “strong sell” rating to a “hold” rating in a report on Monday, July 23rd. Stephens reissued a “hold” rating and set a $23.00 price target on shares of Dana in a report on Wednesday, August 1st. Finally, Bank of America lowered Dana from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Dana by 12.1% in the 2nd quarter. BlackRock Inc. now owns 18,788,509 shares of the auto parts company’s stock valued at $379,339,000 after purchasing an additional 2,022,490 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Dana by 3.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 5,787,409 shares of the auto parts company’s stock valued at $116,848,000 after purchasing an additional 219,373 shares in the last quarter. TCW Group Inc. boosted its holdings in Dana by 3.2% in the 2nd quarter. TCW Group Inc. now owns 3,574,902 shares of the auto parts company’s stock valued at $72,177,000 after purchasing an additional 109,821 shares in the last quarter. Northern Trust Corp boosted its holdings in Dana by 1.9% in the 2nd quarter. Northern Trust Corp now owns 3,031,225 shares of the auto parts company’s stock valued at $61,201,000 after purchasing an additional 55,379 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Dana by 10.8% in the 2nd quarter. Voya Investment Management LLC now owns 2,884,989 shares of the auto parts company’s stock valued at $58,248,000 after purchasing an additional 280,876 shares in the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.



NYSE DAN opened at $15.57 on Thursday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.63. Dana has a 52-week low of $13.76 and a 52-week high of $35.27. The stock has a market cap of $2.40 billion, a P/E ratio of 6.18, a P/E/G ratio of 3.87 and a beta of 1.68.

Dana (NYSE:DAN) last released its quarterly earnings results on Monday, October 29th. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Dana had a return on equity of 35.53% and a net margin of 2.79%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $0.59 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Analysts predict that Dana will post 2.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, November 8th. Dana’s dividend payout ratio is currently 15.87%.

Dana Company Profile

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.

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