Dana (NYSE:DAN) Shares Cross Above 200 Day Moving Average – Here’s Why

Dana Incorporated (NYSE:DAN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.96 and traded as high as $33.85. Dana shares last traded at $33.2670, with a volume of 886,778 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DAN. Barclays raised their target price on shares of Dana from $32.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Wells Fargo & Company raised their target price on shares of Dana from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, February 19th. Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Weiss Ratings raised shares of Dana from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $36.00 target price on shares of Dana in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.67.

Dana Stock Performance

The stock has a fifty day moving average price of $32.84 and a two-hundred day moving average price of $26.11. The company has a market cap of $3.88 billion, a P/E ratio of 62.16 and a beta of 2.05. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86.

Dana (NYSE:DAN) last released its quarterly earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. Dana had a return on equity of 4.24% and a net margin of 1.05%. On average, equities analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Dana’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, February 27th. Dana’s dividend payout ratio is presently 84.21%.

Institutional Investors Weigh In On Dana

A number of hedge funds have recently made changes to their positions in DAN. Loomis Sayles & Co. L P raised its holdings in shares of Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock valued at $37,820,000 after buying an additional 604,246 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Dana by 1,706.3% during the third quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after acquiring an additional 201,344 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the period. Horizon Investments LLC acquired a new position in shares of Dana during the third quarter valued at approximately $553,000. Finally, Entropy Technologies LP increased its stake in shares of Dana by 266.2% during the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after acquiring an additional 27,116 shares during the period. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.