Dana (NYSE:DAN) Shares Cross Above 200 Day Moving Average - What's Next?

Dana Incorporated (NYSE:DAN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.34 and traded as high as $17.38. Dana shares last traded at $17.18, with a volume of 2,538,527 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on DAN shares. Barclays restated an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $24.00 price objective (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Finally, UBS Group reiterated a "buy" rating and issued a $22.00 price target (up from $20.00) on shares of Dana in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.43.

Dana Trading Up 1.4%

The firm has a market cap of $2.59 billion, a P/E ratio of -73.96, a P/E/G ratio of 1.12 and a beta of 2.09. The business's 50-day moving average is $16.19 and its two-hundred day moving average is $14.39. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The firm's revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. As a group, analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.25%. Dana's payout ratio is -166.67%.

Institutional Investors Weigh In On Dana

A number of institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new stake in Dana in the 4th quarter valued at about $9,498,000. JB Capital Partners LP grew its stake in Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock valued at $21,181,000 after acquiring an additional 407,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Dana in the 1st quarter valued at approximately $2,434,000. Great Lakes Advisors LLC increased its position in Dana by 103.6% in the 4th quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company's stock worth $3,246,000 after purchasing an additional 142,850 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $1,138,000 after acquiring an additional 85,039 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Company Profile

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.