Dana Incorporated (NYSE:DAN) insider Dwayne Matthews sold 17,543 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $29.60, for a total value of $519,272.80. Following the completion of the sale, the insider now directly owns 76,402 shares of the company’s stock, valued at approximately $2,261,499.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dana (NYSE:DAN) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Dana had a net margin of 10.27% and a return on equity of 29.34%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business earned $0.49 EPS. Dana’s quarterly revenue was up 32.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.24 annualized dividend and a yield of 0.79%. Dana’s dividend payout ratio (DPR) is presently 5.02%.
A number of brokerages have recently weighed in on DAN. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dana in a research note on Friday, October 27th. Barclays PLC lifted their price objective on Dana from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Buckingham Research lifted their price objective on Dana from $25.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. FBR & Co reaffirmed a “neutral” rating and issued a $25.00 price objective (up from $17.00) on shares of Dana in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Dana from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.
A number of institutional investors and hedge funds have recently made changes to their positions in DAN. BlackRock Inc. raised its holdings in Dana by 16,306.0% in the 1st quarter. BlackRock Inc. now owns 15,385,037 shares of the auto parts company’s stock worth $297,086,000 after acquiring an additional 15,291,260 shares during the period. Janus Henderson Group PLC acquired a new position in Dana in the second quarter valued at about $41,249,000. Frontier Capital Management Co. LLC boosted its position in Dana by 163.7% in the second quarter. Frontier Capital Management Co. LLC now owns 2,875,693 shares of the auto parts company’s stock valued at $64,214,000 after buying an additional 1,784,986 shares in the last quarter. Northern Trust Corp boosted its position in Dana by 32.5% in the second quarter. Northern Trust Corp now owns 3,070,975 shares of the auto parts company’s stock valued at $68,574,000 after buying an additional 753,716 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Dana by 4.7% in the first quarter. Vanguard Group Inc. now owns 11,731,080 shares of the auto parts company’s stock valued at $226,527,000 after buying an additional 527,535 shares in the last quarter. Hedge funds and other 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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