Dana (NYSE:DAN) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Dana Incorporated (NYSE:DAN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.48 and traded as high as $23.74. Dana shares last traded at $23.8190, with a volume of 638,513 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DAN. JPMorgan Chase & Co. upped their target price on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. UBS Group boosted their price target on shares of Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a report on Monday. Wells Fargo & Company lifted their price objective on Dana from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Finally, Barclays boosted their target price on Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.40.

Dana Price Performance

The business’s fifty day moving average price is $21.63 and its 200-day moving average price is $19.53. The company has a market capitalization of $2.79 billion, a P/E ratio of 53.06, a P/E/G ratio of 4.40 and a beta of 2.16. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23.

Dana (NYSE:DAN) last released its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Dana had a net margin of 0.64% and a return on equity of 6.35%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were given a $0.10 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. Dana’s payout ratio is presently 88.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Loomis Sayles & Co. L P raised its stake in shares of Dana by 4.2% during the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock worth $18,912,000 after acquiring an additional 44,010 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Rhumbline Advisers raised its position in Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the period. Great Lakes Advisors LLC lifted its stake in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock worth $4,173,000 after purchasing an additional 32,241 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in 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 buying an additional 201,344 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Dana Company Profile

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.