Dana Inc (NYSE:DAN) Insider Sells $572,264.42 in Stock
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.
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.
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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