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

Dana Incorporated (NYSE:DAN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.57 and traded as high as $17.72. Dana shares last traded at $17.25, with a volume of 3,150,813 shares.

Analyst Ratings Changes

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

Dana Stock Performance

The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.85. The company's 50-day moving average price is $16.57 and its two-hundred day moving average price is $14.57. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -71.29, a PEG ratio of 1.12 and a beta of 2.09.

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

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. Dana's dividend payout ratio is presently -166.67%.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital Partners LP lifted its stake in shares of Dana by 1.1% in the 1st quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock worth $24,524,000 after purchasing an additional 20,000 shares during the period. Russell Investments Group Ltd. lifted its position in Dana by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock worth $10,822,000 after buying an additional 17,569 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Dana during the fourth quarter worth $9,498,000. Cibc World Markets Corp lifted its position in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after purchasing an additional 12,220 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock valued at $4,173,000 after acquiring an additional 32,241 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.