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Dana Launches Trac-Lok Differential for Medium-Duty Trucks

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Dana Incorporated (DAN - Free Report) introduced Spicer Trac-Lok limited-slip differential for Spicer S140 single drive axles, which can be used for medium-duty trucks. The limited-slip differential offers better traction in case of unexpected wheel slips. It also uses a five-pinion design that helps to serve Class 6 applications. The new differential will be available in June.

Dana’s Trac-Lok differential for Class 6 applications uses a verified design, which has been used in Class 5 and light-vehicle market products. Further, the company employed Dana technology for application-specific refinements and adaptations. The use of its technology augmented differential’s productivity.

Apart from offering enhanced traction, the Trac-Lok device weighs much less and is fully replaceable, with a Dana standard S140 axle differential. The device is easy to install and does not require wiring, pneumatic connections or additional friction modifiers.

Dana Incorporated Price and Consensus


Last month, this Maumee, OH-based supplier announced fourth-quarter 2018 results. In the last reported quarter, Dana’s sales rose 7% year over year to $1.97 billion and adjusted earnings per share were 71 cents. Both the figures surpassed their respective Zacks Consensus Estimate.

In 2019, strong demand backlog and inorganic growth are expected to drive Dana’s financials. For the current year, it projects $8.95-$9.35 billion in sales and $2.95-$3.45 in adjusted EPS, the figures include the Drive Systems segment.

Over the past three months, shares of Dana have outperformed the industry it belongs to. Shares of the company have risen 24.6% compared with its industry’s growth of 0.2% during that period.


Zacks Rank & Other Key Picks

Dana currently carries a Zacks Rank #2 (Buy). A few other top-ranked stocks in the broader auto sector are Ferrari N.V. (RACE - Free Report) , Oshkosh Corporation (OSK - Free Report) and PACCAR Inc. (PCAR - Free Report) . Ferrari currently sports a Zacks Rank #1 (Strong Buy) while Oshkosh and PACCAR carry a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ferrari has an expected long-term growth rate of 18.5%. Over the past three months, shares of the company have gained 29.2%.

Oshkosh has an expected long-term growth rate of 11.3%. Shares of the company have gained 23% over the past three months.

PACCAR has an expected long-term growth rate of 10.8%. Shares of the company have gained 24.6% over the past three months.

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PACCAR Inc. (PCAR) - free report >>

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Dana Incorporated (DAN) - free report >>