Dana Target of Unusually Large Options Trading (NYSE:DAN)

Dana Incorporated (NYSE:DAN) was the target of unusually large options trading on Wednesday. Investors bought 17,063 put options on the stock. This is an increase of 969% compared to the typical daily volume of 1,596 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised Dana from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $10.00 to $16.00 in a report on Monday, January 27th. Royal Bank of Canada lifted their price target on Dana from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Dana from $14.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Barclays cut shares of Dana from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th. Finally, StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Hedge Funds Weigh In On Dana

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 1,464 shares during the period. Versant Capital Management Inc increased its stake in Dana by 484.6% in the fourth 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 in the last quarter. Sterling Capital Management LLC raised its holdings in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 3,732 shares during the period. SG Americas Securities LLC boosted its position in shares of Dana by 3.8% during the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company’s stock worth $599,000 after purchasing an additional 1,662 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company’s stock valued at $627,000 after buying an additional 3,368 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Up 2.5 %

Shares of NYSE:DAN opened at $12.07 on Thursday. The company has a 50 day moving average of $13.47 and a 200-day moving average of $12.27. Dana has a one year low of $7.58 and a one year high of $16.90. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -30.95, a P/E/G ratio of 0.72 and a beta of 2.26. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.33 billion. On average, sell-side analysts forecast that Dana will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, February 28th. Dana’s dividend payout ratio (DPR) is currently -102.56%.

Dana Company Profile

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.