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

Dana Incorporated (NYSE:DAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.14 and traded as high as $35.09. Dana shares last traded at $34.5590, with a volume of 1,089,280 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on DAN shares. Zacks Research cut shares of Dana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Weiss Ratings raised shares of Dana from a “hold (c-)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, 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 note on Thursday, February 19th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Dana Stock Performance

The firm has a market capitalization of $3.74 billion, a PE ratio of 3.36 and a beta of 1.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.09 and a current ratio of 1.57. The company’s fifty day moving average price is $34.93 and its two-hundred day moving average price is $30.14.

Dana (NYSE:DAN) last posted its earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $1.87 billion for the quarter. Dana had a return on equity of 3.56% and a net margin of 15.12%. As a group, equities analysts expect that Dana Incorporated will post 2.64 earnings per share for the current year.

Dana Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 1.4%. Dana’s dividend payout ratio (DPR) is 4.66%.

Institutional Trading of Dana

Several large investors have recently bought and sold shares of DAN. Captrust Financial Advisors acquired a new stake in Dana in the second quarter valued at approximately $176,000. State of Tennessee Department of Treasury grew its position in Dana by 10.7% in the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after acquiring an additional 5,405 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake 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 buying an additional 13,270 shares during the last quarter. Russell Investments Group Ltd. boosted its stake 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 buying an additional 27,712 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in shares of Dana by 266.2% during the 3rd quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after buying an additional 27,116 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.