Dana (NYSE:DAN) Stock Passes Above Two Hundred Day Moving Average of $13.02

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.02 and traded as high as $13.72. Dana shares last traded at $13.58, with a volume of 773,259 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Dana from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, February 21st. JPMorgan Chase & Co. decreased their target price on Dana from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, February 26th. Oppenheimer upped their price target on shares of Dana from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Finally, Barclays decreased their price objective on shares of Dana from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $16.67.

Dana Price Performance

The firm has a fifty day moving average of $12.50 and a two-hundred day moving average of $13.02. The stock has a market capitalization of $2.02 billion, a P/E ratio of 153.02, a P/E/G ratio of 0.41 and a beta of 2.46. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.60 and a quick ratio of 0.97.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Dana had a return on equity of 5.42% and a net margin of 0.12%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the company posted $0.25 EPS. Dana's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Dana Incorporated will post 0.91 EPS for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.87%. Dana's dividend payout ratio is presently 444.49%.

Hedge Funds Weigh In On Dana

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Knights of Columbus Asset Advisors LLC increased its position in Dana by 164.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 284,582 shares of the auto parts company's stock valued at $4,158,000 after buying an additional 176,778 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Dana during the third quarter worth $1,602,000. Great Lakes Advisors LLC grew its holdings in shares of Dana by 93.6% during the third quarter. Great Lakes Advisors LLC now owns 66,513 shares of the auto parts company's stock valued at $976,000 after buying an additional 32,163 shares during the last quarter. Strs Ohio increased its position in shares of Dana by 1.6% in the 3rd quarter. Strs Ohio now owns 58,000 shares of the auto parts company's stock valued at $850,000 after acquiring an additional 900 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Dana by 71.5% in the 4th quarter. Handelsbanken Fonder AB now owns 35,490 shares of the auto parts company's stock worth $519,000 after acquiring an additional 14,800 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

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.