Traders Buy Large Volume of Call Options on Dana (NYSE:DAN)

Dana Incorporated (NYSE:DAN - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders bought 6,628 call options on the stock. This represents an increase of approximately 106% compared to the typical daily volume of 3,210 call options.

Analyst Upgrades and Downgrades

Several research firms have commented on DAN. UBS Group upped their price objective on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded Dana from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Royal Bank of Canada upped their price objective on Dana from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays upped their price objective on Dana from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on Dana from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in Dana by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 56,818 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 1,130 shares during the last quarter. SG Americas Securities LLC raised its stake in Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after purchasing an additional 1,662 shares during the last quarter. State of Tennessee Department of Treasury raised its stake in Dana by 6.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after purchasing an additional 3,368 shares during the last quarter. Sterling Capital Management LLC raised its stake 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 valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Dana by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock worth $914,000 after acquiring an additional 4,531 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Dana Price Performance

Shares of DAN stock traded down $0.26 during trading hours on Thursday, hitting $17.45. 2,814,971 shares of the company's stock were exchanged, compared to its average volume of 1,718,031. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 1.71. The firm has a market cap of $2.54 billion, a P/E ratio of -44.74, a P/E/G ratio of 0.72 and a beta of 2.11. The firm has a 50 day moving average of $14.52 and a two-hundred day moving average of $13.86. Dana has a fifty-two week low of $7.58 and a fifty-two week high of $18.67.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The firm's revenue for the quarter was down 14.0% compared to the same quarter last year. Sell-side analysts forecast that Dana will post 1.5 EPS for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Saturday, May 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.29%. Dana's dividend payout ratio is currently -166.67%.

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.