A number of other research firms also recently weighed in on DAN. Guggenheim reiterated a buy rating and issued a $40.00 price target on shares of Dana in a research report on Wednesday, January 10th. Barclays reiterated a hold rating and issued a $32.00 price target on shares of Dana in a research report on Tuesday, January 9th. ValuEngine downgraded shares of Dana from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Deutsche Bank lifted their price target on shares of Dana from $24.00 to $30.00 and gave the company a hold rating in a research report on Friday, November 17th. Finally, B. Riley reiterated a neutral rating on shares of Dana in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $29.55.
Dana (DAN) remained flat at $$28.60 during midday trading on Wednesday. 208,900 shares of the company traded hands, compared to its average volume of 1,572,963. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.69 and a quick ratio of 1.17. Dana has a 1-year low of $17.53 and a 1-year high of $35.27. The company has a market capitalization of $4,191.12, a price-to-earnings ratio of 40.93 and a beta of 1.66.
Dana declared that its Board of Directors has initiated a share repurchase plan on Wednesday, January 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Aziz Aghili sold 12,624 shares of Dana stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.12, for a total value of $418,106.88. Following the transaction, the insider now directly owns 18,024 shares of the company’s stock, valued at $596,954.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Kevin Kamsickas sold 57,003 shares of Dana stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $31.01, for a total transaction of $1,767,663.03. Following the completion of the transaction, the chief executive officer now directly owns 96,312 shares in the company, valued at $2,986,635.12. The disclosure for this sale can be found here. Insiders sold 150,533 shares of company stock worth $4,873,626 over the last three months. 1.60% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in DAN. Advisors Preferred LLC bought a new position in Dana in the fourth quarter valued at approximately $120,000. Macquarie Group Ltd. bought a new position in Dana in the fourth quarter valued at approximately $141,000. Boothbay Fund Management LLC bought a new position in Dana in the third quarter valued at approximately $204,000. Advisory Services Network LLC bought a new position in Dana in the fourth quarter valued at approximately $204,000. Finally, First Allied Advisory Services Inc. bought a new position in Dana in the third quarter valued at approximately $206,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.
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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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