Dana Sees Unusually High Options Volume (NYSE:DAN)

Dana Incorporated (NYSE:DAN) was the target of unusually large options trading activity on Monday. Investors purchased 2,451 call options on the company. This is an increase of approximately 701% compared to the typical daily volume of 306 call options.

Institutional Investors Weigh In On Dana

An institutional investor recently raised its position in Dana stock. Rhumbline Advisers grew its holdings in Dana Incorporated (NYSE:DAN) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 426,586 shares of the auto parts company’s stock after purchasing an additional 5,468 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of Dana worth $5,170,000 at the end of the most recent reporting period. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Stock Down 2.0 %

Shares of NYSE:DAN opened at $10.31 on Wednesday. Dana has a 52 week low of $9.16 and a 52 week high of $15.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.90 and a current ratio of 1.48. The company’s fifty day moving average is $10.59 and its 200-day moving average is $11.87. The company has a market capitalization of $1.49 billion, a PE ratio of 114.50, a P/E/G ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that Dana will post 0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $12.00 price target on shares of Dana in a report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Dana in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays lowered their price target on shares of Dana from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price target on shares of Dana from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Wells Fargo & Company lowered shares of Dana from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $13.00 to $9.00 in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dana currently has a consensus rating of “Hold” and a consensus target price of $13.50.

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.