Dana Sees Unusually Large Options Volume (NYSE:DAN)

Dana Incorporated (NYSE:DAN) saw unusually large options trading activity on Friday. Traders acquired 14,128 call options on the company. This is an increase of 1,781% compared to the typical daily volume of 751 call options.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new stake in Dana in the third quarter valued at approximately $2,687,000. JB Capital Partners LP boosted its stake in Dana by 9.9% in the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Dana in the third quarter valued at approximately $346,000. SG Americas Securities LLC boosted its stake in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after acquiring an additional 26,225 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Dana in the third quarter valued at approximately $250,000. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DAN has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. UBS Group raised shares of Dana from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $18.00 in a research report on Thursday, January 16th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $18.00 in a research report on Monday, December 2nd. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.14.

Dana Stock Performance

Shares of NYSE:DAN opened at $15.16 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of -137.82 and a beta of 2.31. The firm’s 50 day simple moving average is $11.53 and its 200-day simple moving average is $10.87. Dana has a one year low of $7.58 and a one year high of $16.11. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Dana’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities analysts predict that Dana will post 0.85 EPS for the current year.

About Dana

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.