Notable Price Action: Can Dana Inc’s Tomorrow Be Different? The Stock Increases Again

Notable Price Action: Can Dana Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Dana Inc (NYSE:DAN) is a huge mover today! About 1.01 million shares traded hands. Dana Inc (NYSE:DAN) has risen 19.14% since April 18, 2016 and is uptrending. It has outperformed by 14.71% the S&P500.
The move comes after 8 months positive chart setup for the $2.43B company. It was reported on Nov, 18 by Barchart.com. We have $23.35 PT which if reached, will make NYSE:DAN worth $947.70 million more.

Dana Inc (NYSE:DAN) Ratings Coverage

Out of 4 analysts covering Dana Holding Corp (NYSE:DAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Dana Holding Corp has been the topic of 17 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The stock of Dana Inc (NYSE:DAN) earned “Overweight” rating by Barclays Capital on Friday, September 16. The stock has “Mkt Perform” rating given by FBR Capital on Thursday, November 10. Barclays Capital maintained the shares of DAN in a report on Friday, October 23 with “Equal Weight” rating. The company was maintained on Friday, October 23 by RBC Capital Markets. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. FBR Capital maintained Dana Inc (NYSE:DAN) rating on Friday, February 19. FBR Capital has “Outperform” rating and $17 price target. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. The stock of Dana Inc (NYSE:DAN) has “Outperform” rating given on Friday, October 23 by FBR Capital. Barclays Capital maintained the stock with “Equalweight” rating in Monday, January 25 report.

According to Zacks Investment Research, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.26, from 1.15 in 2016Q1. The ratio dropped, as 33 funds sold all Dana Inc shares owned while 65 reduced positions. 35 funds bought stakes while 78 increased positions. They now own 140.54 million shares or 6.39% less from 150.13 million shares in 2016Q1.
Jpmorgan Chase holds 0.01% or 2.20M shares in its portfolio. Alyeska Grp Ltd Partnership last reported 0.05% of its portfolio in the stock. Barrow Hanley Mewhinney & Strauss Limited Company has invested 0% of its portfolio in Dana Inc (NYSE:DAN). Pinnacle Assocs Ltd reported 154,000 shares or 0.04% of all its holdings. Price T Rowe Assoc Md accumulated 35,400 shares or 0% of the stock. National Bank Of Montreal Can reported 212,964 shares or 0% of all its holdings. Balyasny Asset Mngmt owns 11,112 shares or 0% of their US portfolio. Hbk Investments Limited Partnership has 0% invested in the company for 19,100 shares. Retirement Of Alabama accumulated 190,764 shares or 0.01% of the stock. Vanguard Group Incorporated holds 0.01% of its portfolio in Dana Inc (NYSE:DAN) for 10.75M shares. Glenmede Tru Na accumulated 31,003 shares or 0% of the stock. Adage Cap Prns Group Inc Limited Liability holds 0.02% or 612,860 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,436 shares or 0% of all its holdings. Creative Planning holds 0.01% or 135,006 shares in its portfolio. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 950,000 shares.

Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 2 selling transactions for $227,492 net activity. Another trade for 5,444 shares valued at $78,557 was sold by SCHULZ MARK A.

More important recent Dana Inc (NYSE:DAN) news were published by: Streetinsider.com which released: “Form 8-K DANA INC For: Nov 18” on November 18, 2016, also Toledoblade.com published article titled: “Dana Holding changes name to Dana Inc.”, Toledoblade.com published: “Dana Inc. reported dip in 3rd-quarter results” on October 21, 2016. More interesting news about Dana Inc (NYSE:DAN) was released by: Reuters.com and their article: “BRIEF-Dana Inc Q3 earnings per share $0.39” with publication date: October 20, 2016.

DAN Company Profile

Dana Inc, formerly Dana Holding Corporation, incorporated on December 7, 2007, is a well-known provider of high technology driveline, sealing and thermal-management products. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Firm operates in four divisions: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has activities in North America, South America, Europe and Asia pacific.

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