Dana Incorporated (NYSE:DAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.67 and traded as high as $19.47. Dana shares last traded at $18.62, with a volume of 3,543,411 shares changing hands.
Analyst Ratings Changes
Several research analysts have commented on DAN shares. JPMorgan Chase & Co. cut their price objective on Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Wells Fargo & Company dropped their target price on Dana from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Friday. Barclays reiterated an "overweight" rating and set a $25.00 price objective (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Dana from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Dana presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.86.
Read Our Latest Research Report on DAN
Dana Trading Down 4.7%
The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02. The business's 50 day moving average is $19.37 and its 200-day moving average is $16.67. The firm has a market cap of $2.44 billion, a P/E ratio of -116.35, a price-to-earnings-growth ratio of 1.81 and a beta of 2.09.
Dana (NYSE:DAN - Get Free Report) last released its earnings results on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.Dana's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. As a group, analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.
Dana Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 2.1%. Dana's payout ratio is presently -250.00%.
Insiders Place Their Bets
In related news, CAO James D. Kellett sold 11,728 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total transaction of $218,727.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DAN. FNY Investment Advisers LLC bought a new position in Dana during the 2nd quarter worth $25,000. Cornerstone Investment Partners LLC bought a new position in shares of Dana during the first quarter worth about $146,000. Captrust Financial Advisors bought a new position in Dana in the 2nd quarter worth about $176,000. GAMMA Investing LLC grew its position in Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after purchasing an additional 40,394 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Dana by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock worth $599,000 after purchasing an additional 1,662 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.
About Dana
(
Get Free Report)
Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
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