Dana (NYSE:DAN) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Dana Incorporated (NYSE:DAN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

DAN has been the topic of a number of research reports. Zacks Research lowered Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. UBS Group boosted their price objective on Dana from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Wall Street Zen lowered Dana from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings upgraded Dana from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Dana Price Performance

The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 60.84 and a beta of 1.97. The company has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $28.49. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.86 and a current ratio of 1.17.

Dana (NYSE:DAN) last announced its earnings results on Friday, February 27th. The auto parts company reported $0.85 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. Dana had a negative return on equity of 3.06% and a net margin of 1.13%. Equities research analysts forecast that Dana Incorporated will post 2.62 EPS for the current fiscal year.

Dana Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P lifted its holdings in Dana by 61.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after buying an additional 604,246 shares during the period. Russell Investments Group Ltd. lifted its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after buying an additional 27,712 shares during the period. SG Americas Securities LLC lifted its holdings in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after buying an additional 642,552 shares during the period. Tudor Investment Corp ET AL lifted its holdings in Dana by 28.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock worth $6,501,000 after buying an additional 60,487 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Dana by 44.3% during the 1st quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after buying an additional 63,879 shares during the period. 96.79% of the stock is 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.