Dana Inc (DAN) Director Sells $235,361.22 in Stock
Dana Inc (NYSE:DAN) Director Virginia A. Kamsky sold 7,323 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 35,448 shares in the company, valued at approximately $1,139,298.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Dana Inc (DAN) opened at $32.02 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market cap of $4,638.77, a PE ratio of 12.86 and a beta of 1.67. Dana Inc has a 1 year low of $17.53 and a 1 year high of $33.45.
Dana (NYSE:DAN) last posted 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 company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. Dana had a net margin of 10.27% and a return on equity of 29.34%. Dana’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. equities research analysts anticipate that Dana Inc will post 2.45 EPS for the current year.
Several analysts have issued reports on DAN shares. Zacks Investment Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Deutsche Bank upped their price target on shares of Dana from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Royal Bank Of Canada restated a “buy” rating on shares of Dana in a research report on Friday, October 27th. Barclays upped their price target on shares of Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, FBR & Co restated a “neutral” rating and set a $25.00 price target (up from $17.00) on shares of Dana in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.00.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of 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 period. Vanguard Group Inc. boosted its holdings in shares of 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 period. SG Americas Securities LLC boosted its holdings in shares of 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 period. Great West Life Assurance Co. Can boosted its holdings in shares of 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 period. Finally, Goldman Sachs Group Inc. boosted its holdings 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 during the period. Institutional investors own 96.49% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Dana Inc (DAN) Director Sells $235,361.22 in Stock” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/dana-inc-dan-director-sells-235361-22-in-stock/1757167.html.
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.
Receive News & Ratings for Dana Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana Inc and related companies with MarketBeat.com's FREE daily email newsletter.