Dana (NYSE:DAN) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Dana Incorporated's shares have surpassed their 200-day moving average, reaching a high of $20.52 during trading on Monday, with a volume of over 1.4 million shares.
• Brokerage updates show a mixed outlook, with Royal Bank of Canada upgrading its target price from $24.00 to $26.00, while JPMorgan reduced its target to $23.00.
• The company recently announced a $0.10 quarterly dividend, reflecting a 2.0% yield; however, it reported a loss per share of $0.35, missing analyst expectations.

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.26 and traded as high as $20.52. Dana shares last traded at $20.16, with a volume of 1,483,678 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on DAN. Royal Bank Of Canada raised their target price on Dana from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their target price on Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Wells Fargo & Company increased their target price on Dana from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 9th. UBS Group reiterated a "buy" rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research report on Monday, July 14th. Finally, Cfra Research upgraded Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.57.

Dana Price Performance

The firm has a market capitalization of $2.64 billion, a P/E ratio of -126.03, a price-to-earnings-growth ratio of 1.89 and a beta of 2.12. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average of $18.63 and a 200 day moving average of $16.26.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business's revenue for the quarter was down 5.5% on a year-over-year basis. On average, sell-side analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 8th were issued a $0.10 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.0%. Dana's dividend payout ratio is currently -250.00%.

Insider Buying and Selling at Dana

In related news, CAO James D. Kellett sold 11,728 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DAN. FNY Investment Advisers LLC bought a new position in shares of Dana during the second quarter valued at about $25,000. Cornerstone Investment Partners LLC bought a new position in Dana in the 1st quarter valued at $146,000. Captrust Financial Advisors purchased a new stake in shares of Dana during the 2nd quarter valued at $176,000. GAMMA Investing LLC increased its position in shares of Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after purchasing an additional 40,394 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Dana by 3.8% during 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 period. 96.79% of the stock is owned by institutional investors.

About Dana

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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