Dana (NYSE:DAN) Shares Pass 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 $19.48 and traded as high as $23.74. Dana shares last traded at $23.8190, with a volume of 638,513 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on DAN. Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. raised their target price on Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. UBS Group upped their price target on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada increased their price objective on Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Barclays lifted their target price on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.40.

Dana Trading Up 1.4%

The firm has a market capitalization of $2.78 billion, a PE ratio of 52.93, a price-to-earnings-growth ratio of 4.40 and a beta of 2.16. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96. The company has a fifty day moving average of $21.53 and a 200-day moving average of $19.48.

Dana (NYSE:DAN) last issued its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Dana had a net margin of 0.64% and a return on equity of 6.35%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were issued a $0.10 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. Dana’s dividend payout ratio is currently 88.89%.

Institutional Trading of Dana

A number of institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC raised its holdings in shares of Dana by 11.5% during the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after purchasing an additional 32,241 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock worth $1,138,000 after purchasing an additional 85,039 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after buying an additional 44,010 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Dana by 6.4% during the second quarter. Segall Bryant & Hamill LLC now owns 194,338 shares of the auto parts company’s stock valued at $3,333,000 after buying an additional 11,711 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Dana during the second quarter valued at about $25,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.