Dana Inc (NYSE:DAN) insider Robert D. Pyle sold 32,851 shares of Dana stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $17.42, for a total value of $572,264.42. Following the sale, the insider now owns 72,048 shares in the company, valued at $1,255,076.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE DAN opened at $17.82 on Friday. Dana Inc has a twelve month low of $11.57 and a twelve month high of $20.96. The company has a current ratio of 1.64, a quick ratio of 1.03 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.23. The business has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $16.13.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Dana Inc will post 3.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. Dana’s payout ratio is currently 13.47%.

Several research firms have issued reports on DAN. KeyCorp dropped their price objective on Dana from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Bank of America upgraded Dana from a “neutral” rating to a “buy” rating in a report on Friday, September 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. ValuEngine downgraded Dana from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, TheStreet upgraded Dana from a “c” rating to a “b-” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Dana has an average rating of “Hold” and an average price target of $20.75.

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its stake in Dana by 260.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 118,750 shares of the auto parts company’s stock worth $2,326,000 after buying an additional 85,850 shares during the last quarter. Gabelli Funds LLC grew its stake in Dana by 0.4% during the 2nd quarter. Gabelli Funds LLC now owns 2,353,532 shares of the auto parts company’s stock worth $46,929,000 after buying an additional 8,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dana by 7.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,557,552 shares of the auto parts company’s stock worth $31,058,000 after buying an additional 111,974 shares during the last quarter. Comerica Bank grew its stake in Dana by 1.1% during the 2nd quarter. Comerica Bank now owns 769,253 shares of the auto parts company’s stock worth $14,131,000 after buying an additional 8,221 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Dana by 33.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,300,446 shares of the auto parts company’s stock worth $25,229,000 after buying an additional 326,982 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

About Dana

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 Drive and Motion Technologies, and Power Technologies.

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