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

Key Points

• Dana shares rose above their 200-day moving average during Thursday trading, reaching as high as $36.27 before last trading at $34.60.
• Analyst sentiment remains mixed but generally positive: Dana has a Moderate Buy consensus rating with an average price target of $40.00, though some firms recently downgraded the stock to Hold.
• The company also announced a quarterly dividend of $0.12 per share, payable May 29, which works out to a 1.4% annualized yield.

Dana Incorporated (NYSE:DAN - Get Free Report) 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 trading hands.

Analyst Ratings Changes

A number of research analysts recently commented on DAN shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $36.00 price objective on shares of Dana in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Dana from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. Zacks Research lowered shares of Dana from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Dana from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company raised their target price on shares of Dana from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Dana has a consensus rating of "Moderate Buy" and an average price target of $40.00.

Dana Stock Down 2.8%

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

Dana (NYSE:DAN - Get Free Report) last issued its earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share for the quarter. The firm 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, research analysts predict that Dana Incorporated will post 2.62 earnings per share for the current fiscal year.

Dana Announces Dividend

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

Institutional Investors Weigh In On Dana

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Dana by 105.2% in the 1st quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company's stock valued at $65,000 after acquiring an additional 987 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Dana by 44.3% in the 1st quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company's stock valued at $7,002,000 after acquiring an additional 63,879 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company's stock valued at $23,234,000 after acquiring an additional 642,552 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Dana by 28.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company's stock valued at $6,501,000 after acquiring an additional 60,487 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company's stock valued at $37,820,000 after acquiring an additional 604,246 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

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.

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