Dana Sees Unusually Large Options Volume (NYSE:DAN)

Dana Incorporated (NYSE:DANGet Free Report) was the target of unusually large options trading on Friday. Traders bought 14,128 call options on the company. This is an increase of approximately 1,781% compared to the typical volume of 751 call options.

Wall Street Analyst Weigh In

A number of research firms have commented on DAN. Deutsche Bank Aktiengesellschaft raised Dana from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $19.00 in a report on Monday, December 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.14.

View Our Latest Research Report on DAN

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DAN. GAMMA Investing LLC boosted its holdings in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Dana during the 3rd quarter valued at about $250,000. Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter valued at about $346,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Dana by 81.8% during the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 26,225 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Dana Trading Up 14.6 %

NYSE:DAN opened at $15.16 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -137.82 and a beta of 2.31. Dana has a one year low of $7.58 and a one year high of $16.11. The business has a fifty day moving average price of $11.53 and a 200-day moving average price of $10.87.

Dana (NYSE:DANGet Free Report) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. Sell-side analysts forecast that Dana will post 0.85 EPS for the current year.

Dana Company Profile

(Get Free Report)

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

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