Dana Target of Unusually Large Options Trading (NYSE:DAN)

Dana Inc (NYSE:DAN) was the recipient of unusually large options trading on Thursday. Traders acquired 3,480 put options on the stock. This represents an increase of approximately 797% compared to the average volume of 388 put options.

Shares of NYSE DAN traded up $0.47 during mid-day trading on Friday, reaching $18.44. The company had a trading volume of 1,220,186 shares, compared to its average volume of 2,087,589. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.02 and a current ratio of 1.63. Dana has a one year low of $12.65 and a one year high of $21.79. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.52 and a beta of 2.19. The company has a 50-day moving average price of $17.25.

Dana (NYSE:DAN) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.05. Dana had a return on equity of 31.31% and a net margin of 5.11%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the business earned $0.75 earnings per share. Dana’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Dana will post 3.33 EPS for the current fiscal year.

In other Dana news, VP James D. Kellett sold 2,825 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $16.05, for a total transaction of $45,341.25. Following the transaction, the vice president now owns 2,704 shares in the company, valued at approximately $43,399.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC acquired a new position in shares of Dana in the second quarter worth approximately $385,000. Crossmark Global Holdings Inc. lifted its stake in shares of Dana by 4.4% in the second quarter. Crossmark Global Holdings Inc. now owns 31,220 shares of the auto parts company’s stock worth $623,000 after acquiring an additional 1,302 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Dana by 5.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 160,972 shares of the auto parts company’s stock worth $2,856,000 after acquiring an additional 8,801 shares during the period. First Trust Advisors LP lifted its stake in shares of Dana by 54.6% in the first quarter. First Trust Advisors LP now owns 201,950 shares of the auto parts company’s stock worth $3,583,000 after acquiring an additional 71,292 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Dana by 242.9% in the first quarter. Nordea Investment Management AB now owns 219,105 shares of the auto parts company’s stock worth $3,887,000 after acquiring an additional 155,200 shares during the period. Institutional investors own 94.24% of the company’s stock.

DAN has been the topic of several recent research reports. Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research report on Thursday, April 18th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, July 8th. Credit Suisse Group initiated coverage on Magna International in a research report on Wednesday, June 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.00.

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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