Jonathan Mark Collins Sells 10,000 Shares of Dana Inc (NYSE:DAN) Stock

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Dana Inc (NYSE:DAN) CFO Jonathan Mark Collins sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the sale, the chief financial officer now owns 7,015 shares of the company’s stock, valued at approximately $123,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE DAN opened at $17.82 on Friday. Dana Inc has a 52-week low of $11.57 and a 52-week high of $20.96. The company has a 50-day simple moving average of $15.32 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.64. The company has a market capitalization of $2.50 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.23.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Dana had a net margin of 2.80% and a return on equity of 26.97%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Dana Inc will post 3.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. Dana’s dividend payout ratio (DPR) is presently 13.47%.

Several analysts have recently commented on the stock. UBS Group lowered their target price on shares of Dana from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, September 12th. ValuEngine downgraded shares of Dana from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Zacks Investment Research downgraded shares of Dana from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. KeyCorp decreased their price objective on shares of Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Barclays decreased their price objective on shares of Dana from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Dana has an average rating of “Hold” and a consensus price target of $20.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. Victory Capital Management Inc. boosted its position in Dana by 3,016.1% during the second quarter. Victory Capital Management Inc. now owns 1,310,709 shares of the auto parts company’s stock worth $26,136,000 after purchasing an additional 1,268,646 shares during the period. Morgan Stanley boosted its position in Dana by 722.6% during the second quarter. Morgan Stanley now owns 1,163,065 shares of the auto parts company’s stock worth $23,192,000 after purchasing an additional 1,021,673 shares during the period. BlackRock Inc. boosted its position in Dana by 5.0% during the second quarter. BlackRock Inc. now owns 19,040,843 shares of the auto parts company’s stock worth $379,673,000 after purchasing an additional 906,329 shares during the period. Nuveen Asset Management LLC boosted its position in Dana by 47.8% during the second quarter. Nuveen Asset Management LLC now owns 2,602,629 shares of the auto parts company’s stock worth $51,896,000 after purchasing an additional 842,244 shares during the period. Finally, Prudential Financial Inc. boosted its position in Dana by 46.5% during the second quarter. Prudential Financial Inc. now owns 2,602,147 shares of the auto parts company’s stock worth $51,887,000 after purchasing an additional 825,433 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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