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

Dana Incorporated (NYSE:DAN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.75 and traded as high as $14.25. Dana shares last traded at $13.97, with a volume of 2,085,749 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAN. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Friday. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. UBS Group lifted their target price on shares of Dana from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Dana from $14.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, Barclays lifted their target price on shares of Dana from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Dana Price Performance

The stock’s 50 day moving average price is $14.28 and its two-hundred day moving average price is $11.76. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -35.81, a PEG ratio of 0.72 and a beta of 2.42.

Dana (NYSE:DAN) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. On average, equities research analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.86%. The ex-dividend date is Friday, February 28th. Dana’s payout ratio is currently -102.56%.

Hedge Funds Weigh In On Dana

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in Dana by 484.6% during the 4th quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares during the last quarter. GAMMA Investing LLC raised its stake in Dana by 118.3% during the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 1,464 shares during the last quarter. Sterling Capital Management LLC raised its stake in Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 3,732 shares during the last quarter. Entropy Technologies LP bought a new stake in Dana in the 3rd quarter valued at $250,000. Finally, Martingale Asset Management L P bought a new stake in Dana in the 3rd quarter valued at $346,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.