Dana Inc (NYSE:DAN) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 3,823,900 shares, a decrease of 15.7% from the June 15th total of 4,533,500 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.7% of the shares of the company are short sold.
DAN opened at $19.40 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 1.66 and a beta of 2.19. Dana has a 52 week low of $12.65 and a 52 week high of $21.79. The firm’s fifty day moving average is $18.41.
Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Dana had a return on equity of 31.31% and a net margin of 5.11%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Dana will post 3.31 earnings per share for the current fiscal year.
In other news, VP James D. Kellett sold 2,825 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 2,704 shares in the company, valued at $43,399.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its stake in shares of Dana by 17.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 93,982 shares of the auto parts company’s stock valued at $1,187,000 after acquiring an additional 14,284 shares during the period. United Services Automobile Association grew its holdings in shares of Dana by 14.1% in the fourth quarter. United Services Automobile Association now owns 71,345 shares of the auto parts company’s stock worth $972,000 after purchasing an additional 8,820 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Dana in the fourth quarter worth about $268,000. California State Teachers Retirement System grew its holdings in shares of Dana by 3.0% in the fourth quarter. California State Teachers Retirement System now owns 237,102 shares of the auto parts company’s stock worth $3,232,000 after purchasing an additional 6,835 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Dana by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 1,617,488 shares of the auto parts company’s stock worth $22,045,000 after purchasing an additional 175,414 shares during the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.
A number of research analysts recently weighed in on the company. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Credit Suisse Group assumed coverage on Magna International in a report on Wednesday, June 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Wolfe Research lowered Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Finally, Zacks Investment Research lowered Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.10.
Dana Company Profile
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.