Dana (NYSE:DAN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Dana Incorporated (NYSE:DAN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.49 and traded as high as $36.27. Dana shares last traded at $34.60, with a volume of 937,498 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DAN shares. Wall Street Zen downgraded Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $36.00 price objective on shares of Dana in a research note on Thursday, January 22nd. Barclays upped their price objective on shares of Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Wells Fargo & Company upped their price objective on shares of Dana from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Dana Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $3.79 billion, a P/E ratio of 60.70 and a beta of 1.97. The company’s 50-day simple moving average is $34.52 and its 200 day simple moving average is $28.49.

Dana (NYSE:DAN) last posted its earnings results on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. Dana had a net margin of 1.13% and a negative return on equity of 3.06%. As a group, sell-side analysts expect that Dana Incorporated will post 2.62 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 8th. Dana’s payout ratio is currently 84.21%.

Institutional Trading of Dana

Several large investors have recently added to or reduced their stakes in DAN. EverSource Wealth Advisors LLC grew its position in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after buying an additional 987 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Dana by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after buying an additional 439 shares during the last quarter. Captrust Financial Advisors bought a new position in Dana in the 2nd quarter worth $176,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in Dana in the 4th quarter worth $309,000. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.