Dana (NYSE:DAN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Dana Incorporated (NYSE:DAN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.25 and traded as high as $32.84. Dana shares last traded at $32.8180, with a volume of 1,816,619 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on DAN shares. Royal Bank Of Canada upped their price target on shares of Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Dana from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. Zacks Research raised shares of Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $36.00 target price on shares of Dana in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of Dana from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dana presently has a consensus rating of “Moderate Buy” and an average target price of $35.17.

Dana Price Performance

The business has a fifty day moving average price of $30.42 and a 200 day moving average price of $24.25. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.17 and a quick ratio of 0.86. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 72.93 and a beta of 2.08.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be given a dividend of $0.12 per share. This is a positive change from Dana’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Dana’s payout ratio is presently 106.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DAN. Loomis Sayles & Co. L P increased its stake 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 acquiring an additional 604,246 shares during the period. Russell Investments Group Ltd. lifted its position in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the period. Rhumbline Advisers boosted its stake in Dana by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock valued at $6,877,000 after purchasing an additional 8,787 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in Dana by 28.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 273,631 shares of the auto parts company’s stock valued at $6,501,000 after purchasing an additional 60,487 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Dana by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after purchasing an additional 13,270 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.