Dana Inc (NYSE:DAN) – Equities research analysts at KeyCorp reduced their FY2020 earnings estimates for shares of Dana in a research note issued to investors on Wednesday, January 15th. KeyCorp analyst J. Picariello now forecasts that the auto parts company will earn $3.00 per share for the year, down from their previous forecast of $3.05.
A number of other research analysts also recently commented on the company. UBS Group began coverage on Dana in a research note on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded Dana from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer began coverage on Dana in a research note on Tuesday, November 19th. They issued an “outperform” rating and a $20.00 target price on the stock. ValuEngine upgraded Dana from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $21.00 target price on shares of Dana in a research note on Sunday, December 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $20.88.
Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Dana had a return on equity of 26.97% and a net margin of 2.80%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sciencast Management LP lifted its position in shares of Dana by 59.3% during the 4th quarter. Sciencast Management LP now owns 17,200 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 6,400 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Dana during the 4th quarter worth about $268,000. Millennium Management LLC lifted its position in shares of Dana by 2,650.1% during the 3rd quarter. Millennium Management LLC now owns 58,652 shares of the auto parts company’s stock worth $846,000 after purchasing an additional 60,952 shares during the last quarter. Wealthsource Partners LLC lifted its position in shares of Dana by 11.0% during the 3rd quarter. Wealthsource Partners LLC now owns 13,865 shares of the auto parts company’s stock worth $200,000 after purchasing an additional 1,375 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Dana by 1.7% during the 3rd quarter. California State Teachers Retirement System now owns 235,800 shares of the auto parts company’s stock worth $3,405,000 after purchasing an additional 3,847 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.
In other news, insider Dwayne Matthews sold 35,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.70, for a total transaction of $619,500.00. Following the completion of the sale, the insider now owns 105,564 shares in the company, valued at approximately $1,868,482.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert D. Pyle sold 32,851 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,255,076.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,851 shares of company stock valued at $1,367,964. 0.75% of the stock is currently owned by corporate insiders.
Dana Company Profile
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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