Insider Selling: Dana Incorporated (DAN) SVP Sells $99,352.56 in Stock
Dana Incorporated (NYSE:DAN) SVP Rodney R. Filcek sold 3,292 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $30.18, for a total value of $99,352.56. Following the sale, the senior vice president now owns 50,251 shares in the company, valued at approximately $1,516,575.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Dana Incorporated (DAN) opened at $31.34 on Friday. The stock has a market capitalization of $4,540.26, a P/E ratio of 12.59 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. Dana Incorporated has a 1 year low of $14.53 and a 1 year high of $31.91.
Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.71 billion. Dana had a return on equity of 29.34% and a net margin of 10.27%. Dana’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. equities analysts forecast that Dana Incorporated will post 2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Dana’s dividend payout ratio is currently 5.02%.
Several analysts have weighed in on DAN shares. UBS AG downgraded Dana to a “neutral” rating in a research note on Thursday, July 13th. Susquehanna Bancshares Inc downgraded Dana from a “neutral” rating to a “negative” rating and set a $19.00 target price on the stock. in a research note on Thursday, July 13th. Barclays PLC downgraded Dana from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $23.00 to $24.00 in a research note on Wednesday, July 19th. BidaskClub upgraded Dana from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Dana from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dana currently has an average rating of “Hold” and a consensus target price of $27.00.
Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dana by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 520 shares in the last quarter. ETRADE Capital Management LLC purchased a new position in Dana during the second quarter worth approximately $205,000. US Bancorp DE boosted its position in Dana by 1.4% during the second quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock worth $214,000 after purchasing an additional 129 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Dana by 70.4% during the second quarter. Riverhead Capital Management LLC now owns 10,056 shares of the auto parts company’s stock worth $225,000 after purchasing an additional 4,156 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its position in Dana by 2.9% during the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the auto parts company’s stock worth $239,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.
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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