Dana Sees Unusually Large Options Volume (NYSE:DAN)

Dana Incorporated (NYSE:DAN) was the target of unusually large options trading activity on Friday. Stock traders purchased 14,128 call options on the stock. This is an increase of 1,781% compared to the typical daily volume of 751 call options.

Wall Street Analyst Weigh In

DAN has been the subject of several analyst reports. UBS Group upgraded Dana from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $18.00 in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and upped their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.14.

Dana Price Performance

Shares of NYSE:DAN opened at $15.16 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. Dana has a twelve month low of $7.58 and a twelve month high of $16.11. The company’s 50 day moving average is $11.53 and its 200 day moving average is $10.88. The company has a market cap of $2.20 billion, a PE ratio of -137.82 and a beta of 2.31.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, sell-side analysts forecast that Dana will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Dana

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Versant Capital Management Inc increased its holdings in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after buying an additional 2,234 shares in the last quarter. Martingale Asset Management L P purchased a new position in Dana in the third quarter valued at $346,000. JB Capital Partners LP raised its position in shares of 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 worth $14,880,000 after acquiring an additional 128,000 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Dana during the 3rd quarter worth about $2,687,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.