Dana Incorporated (NYSE:DAN) CAO James D. Kellett Sells 11,728 Shares

Key Points

• James D. Kellett, CAO of Dana Incorporated, sold 11,728 shares at an average price of $18.65, amounting to a transaction total of $218,727.20.
• Dana's earnings report for the quarter revealed earnings per share of $0.05, significantly missing the consensus estimate of $0.40, with revenue declining 5.5% year-over-year to $1.94 billion.
• The company declared a quarterly dividend of $0.10 per share, translating to an annualized yield of 2.1%, alongside a negative dividend payout ratio of -166.67%.

Dana Incorporated (NYSE:DAN - Get Free Report) CAO James D. Kellett sold 11,728 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $18.65, for a total transaction of $218,727.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dana Stock Performance

Shares of Dana stock traded up $0.02 on Monday, reaching $18.53. 239,472 shares of the stock were exchanged, compared to its average volume of 1,942,899. Dana Incorporated has a twelve month low of $7.58 and a twelve month high of $19.33. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -115.84, a PEG ratio of 1.71 and a beta of 2.14. The business has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $15.41. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02.

Dana (NYSE:DAN - Get Free Report) last announced its earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Dana's quarterly revenue was down 5.5% on a year-over-year basis. Analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 8th. Dana's dividend payout ratio (DPR) is -250.00%.

Hedge Funds Weigh In On Dana

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. FNY Investment Advisers LLC acquired a new position in shares of Dana during the 2nd quarter valued at about $25,000. Sterling Capital Management LLC raised its position in Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after purchasing an additional 3,732 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth $176,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Dana in the first quarter valued at about $146,000. Finally, GAMMA Investing LLC raised its holdings in Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after acquiring an additional 40,394 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAN has been the topic of a number of research reports. UBS Group restated a "buy" rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a report on Monday, July 14th. Barclays restated an "overweight" rating and set a $25.00 price target (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Royal Bank Of Canada restated an "outperform" rating and issued a $24.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Dana in a report on Thursday, June 12th. Finally, Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

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.