Investors Purchase Large Volume of Dana Call Options (NYSE:DAN)

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

Dana Stock Performance

DAN stock opened at $15.16 on Friday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -137.82 and a beta of 2.31. Dana has a twelve month low of $7.58 and a twelve month high of $16.11. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $10.88.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. Analysts predict that Dana will post 0.85 earnings per share for the current year.

Institutional Trading of Dana

A number of large investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new position in Dana during the 3rd quarter valued at about $2,687,000. JB Capital Partners LP boosted its stake in shares of Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Martingale Asset Management L P purchased a new position in Dana during the third quarter valued at approximately $346,000. SG Americas Securities LLC raised its stake in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after buying an additional 26,225 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Dana during the third quarter worth $250,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on DAN shares. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. dropped their target price on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Wells Fargo & Company increased their price target on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and increased their target price for the company from $9.00 to $19.00 in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.14.

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.