Hsbc Holdings Plc Increased Dana Incorporated (NYSE:DAN) Stake by $13.82 Million

August 12, 2018 - By Andrea Pope

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.53, from 1.43 in 2017Q4. It fall, as 31 investors sold DAN shares while 95 reduced holdings. 39 funds opened positions while 75 raised stakes. 135.92 million shares or 1.33% less from 137.75 million shares in 2017Q4 were reported. Scopus Asset Management L P reported 212,610 shares stake. Quantbot Technology L P holds 0.2% or 89,793 shares in its portfolio. Mason Street Advsr Llc reported 0.04% in Dana Incorporated (NYSE:DAN). Victory Mgmt Incorporated has 1.60M shares. Northern Trust has invested 0.02% in Dana Incorporated (NYSE:DAN). Moreover, Louisiana State Employees Retirement Systems has 0.04% invested in Dana Incorporated (NYSE:DAN). Silvercrest Asset Management Gru Llc invested 0.58% in Dana Incorporated (NYSE:DAN). Colorado-based Employees Retirement Association Of Colorado has invested 0% in Dana Incorporated (NYSE:DAN). Guggenheim Cap Limited Company holds 46,493 shares. Goldman Sachs Group holds 0.02% or 3.06 million shares in its portfolio. Menta Limited Liability Corp reported 78,364 shares. Adirondack Rech Mgmt accumulated 0.76% or 74,000 shares. Luminus Mngmt Lc holds 0.02% or 37,735 shares. Aqr Cap Llc holds 0.09% or 3.25 million shares in its portfolio. Verition Fund Limited Liability Corporation owns 130,345 shares for 0.25% of their portfolio.

Since May 4, 2018, it had 0 insider purchases, and 3 insider sales for $1.12 million activity. $304,223 worth of Dana Incorporated (NYSE:DAN) was sold by KAMSKY VIRGINIA A. The insider Collins Jonathan Mark sold $517,325.

Hsbc Holdings Plc increased its stake in Dana Incorporated (NYSE:DAN) by 188.24% based on its latest 2018Q2 regulatory filing with the SEC. Hsbc Holdings Plc bought 691,027 shares as the company’s stock declined 17.08% with the market. The institutional investor held 1.06M shares of the o.e.m. company at the end of 2018Q2, valued at $21.36 million, up from 367,092 at the end of the previous reported quarter. Hsbc Holdings Plc who had been investing in Dana Incorporated for a number of months, seems to be bullish on the $2.88 billion market cap company. The stock decreased 2.11% or $0.43 during the last trading session, reaching $19.94. About 1.01 million shares traded. Dana Incorporated (NYSE:DAN) has risen 14.77% since August 13, 2017 and is uptrending. It has outperformed by 2.20% the S&P500.

Hsbc Holdings Plc, which manages about $56.20B US Long portfolio, decreased its stake in Ishares Tr (AGG) by 1.88 million shares to 1.70M shares, valued at $180.37 million in 2018Q2, according to the filing. It also reduced its holding in Cubesmart (NYSE:CUBE) by 420,574 shares in the quarter, leaving it with 1.25M shares, and cut its stake in United Contl Hldgs Inc (Call) (NYSE:UAL).

Dana Incorporated (NYSE:DAN) Ratings Coverage

Among 9 analysts covering Dana (NYSE:DAN), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Dana had 15 analyst reports since February 14, 2018 according to SRatingsIntel. As per Monday, April 16, the company rating was maintained by RBC Capital Markets. Barclays Capital upgraded Dana Incorporated (NYSE:DAN) on Thursday, July 26 to “Overweight” rating. Buckingham Research maintained the stock with “Neutral” rating in Thursday, July 26 report. FBR Capital maintained Dana Incorporated (NYSE:DAN) rating on Tuesday, March 20. FBR Capital has “Hold” rating and $25.0 target. The stock of Dana Incorporated (NYSE:DAN) has “Neutral” rating given on Wednesday, February 14 by JP Morgan. The rating was maintained by Guggenheim on Wednesday, February 14 with “Buy”. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, May 1 report. The firm has “Hold” rating by Susquehanna given on Tuesday, March 20. Barclays Capital maintained Dana Incorporated (NYSE:DAN) rating on Tuesday, May 1. Barclays Capital has “Equal-Weight” rating and $30 target. Guggenheim maintained the stock with “Buy” rating in Thursday, April 19 report.

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine maker in North America, Europe, South America, and the Asia Pacific. The company has market cap of $2.88 billion. The firm operates in four divisions: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. It has a 15.31 P/E ratio. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts/propshafts, differentials, torque couplings, modular and axle tube assemblies, rear drive and power transfer units, axle shafts, and EV gearboxes for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.

More notable recent Dana Incorporated (NYSE:DAN) news were published by: Seekingalpha.com which released: “Dana eyes electric off-highway market” on July 18, 2018, also Seekingalpha.com with their article: “Dana (DAN) CEO, James Kamsickas on Q2 2018 Results – Earnings Call Transcript” published on July 25, 2018, Schaeffersresearch.com published: “Play This Auto Stock Sell Signal with Put Options” on August 06, 2018. More interesting news about Dana Incorporated (NYSE:DAN) were released by: Nasdaq.com and their article: “New Research Coverage Highlights Electronic Arts, Agree Realty, Dana, Southwest Airlines, Boston Properties, and …” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “More on Dana’s Q2 mixed results” with publication date: July 25, 2018.

Dana Incorporated (NYSE:DAN) Institutional Positions Chart

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