Dana (DAN) Bonds Trading 0.9% Lower

An issue of Dana Inc (NYSE:DAN) bonds fell 0.9% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 6% coupon and is set to mature on September 15, 2023. The debt is now trading at $104.50. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

DAN has been the topic of a number of research analyst reports. ValuEngine downgraded Dana from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Deutsche Bank increased their price target on Dana from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Royal Bank of Canada reiterated a “buy” rating and set a $27.00 price target on shares of Dana in a research report on Thursday, October 5th. Zacks Investment Research cut Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Buckingham Research increased their price target on Dana from $25.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Dana Inc (NYSE:DAN) traded up $0.05 on Tuesday, reaching $31.89. The company had a trading volume of 1,416,412 shares, compared to its average volume of 1,472,071. Dana Inc has a 12-month low of $17.53 and a 12-month high of $33.45. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 1.36. The firm has a market cap of $4,620.00, a PE ratio of 12.86 and a beta of 1.66.

Dana (NYSE:DAN) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. Dana had a return on equity of 29.34% and a net margin of 10.27%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue was up 32.3% compared to the same quarter last year. equities analysts predict that Dana Inc will post 2.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, November 9th. Dana’s dividend payout ratio is currently 5.03%.

In related news, Director Virginia A. Kamsky sold 7,323 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $32.14, for a total value of $235,361.22. Following the sale, the director now directly owns 35,448 shares in the company, valued at approximately $1,139,298.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dwayne Matthews sold 17,543 shares of the firm’s 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 owns 76,402 shares in the company, valued at $2,261,499.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,085 shares of company stock worth $3,776,775. 1.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dana by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,055 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 520 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Dana during the 3rd quarter valued at $204,000. ETRADE Capital Management LLC acquired a new position in shares of Dana during the 2nd quarter valued at $205,000. First Allied Advisory Services Inc. acquired a new position in shares of Dana during the 3rd quarter valued at $206,000. Finally, US Bancorp DE increased its position in shares of Dana by 1.4% during the 2nd quarter. US Bancorp DE now owns 9,605 shares of the auto parts company’s stock valued at $214,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 96.49% of the company’s stock.

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Dana Company Profile

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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