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

August 12, 2018 - By Alicia Butler

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.53, from 1.43 in 2017Q4. It turned negative, 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. Texas-based Dimensional Fund Advsr L P has invested 0.04% in Dana Incorporated (NYSE:DAN). Axa owns 52,500 shares or 0.01% of their US portfolio. Moreover, Art Advsr Ltd Liability Co has 0.17% invested in Dana Incorporated (NYSE:DAN). Hap Trading Limited Com holds 0.02% of its portfolio in Dana Incorporated (NYSE:DAN) for 14,391 shares. Hbk Invs L P has 0.07% invested in Dana Incorporated (NYSE:DAN). Northwestern Mutual Wealth Mgmt accumulated 175 shares or 0% of the stock. 74,000 were accumulated by Adirondack Rech & Mngmt. State Street Corp holds 4.99M shares or 0.01% of its portfolio. Thrivent Financial For Lutherans has 32,458 shares. Menta Cap Lc holds 78,364 shares. 96,147 are owned by Texas Permanent School Fund. Bailard stated it has 22,400 shares. Hennessy Advisors has invested 0.88% of its portfolio in Dana Incorporated (NYSE:DAN). Gamco Inc Et Al accumulated 3.93M shares or 0.68% of the stock. State Board Of Administration Of Florida Retirement Systems accumulated 128,099 shares or 0.01% of the stock.

Since May 4, 2018, it had 0 buys, and 3 insider sales for $1.12 million activity. Shares for $299,673 were sold by WANDELL KEITH E on Monday, June 25. On Thursday, May 31 the insider KAMSKY VIRGINIA A sold $304,223.

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 $21.36M, 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 $56.20 billion US Long portfolio, decreased its stake in Ishares Tr (IWD) by 313,041 shares to 332,501 shares, valued at $40.36 million in 2018Q2, according to the filing. It also reduced its holding in Xcel Energy Inc (NYSE:XEL) by 270,628 shares in the quarter, leaving it with 543,876 shares, and cut its stake in Rockwell Automation Inc (NYSE:ROK).

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. RBC Capital Markets maintained Dana Incorporated (NYSE:DAN) rating on Monday, April 16. RBC Capital Markets has “Buy” rating and $3500 target. The stock of Dana Incorporated (NYSE:DAN) has “Neutral” rating given on Thursday, July 26 by Buckingham Research. The stock of Dana Incorporated (NYSE:DAN) earned “Hold” rating by FBR Capital on Tuesday, March 20. The stock of Dana Incorporated (NYSE:DAN) has “Buy” rating given on Wednesday, February 14 by Guggenheim. The firm earned “Hold” rating on Tuesday, March 20 by Susquehanna. The stock of Dana Incorporated (NYSE:DAN) has “Overweight” rating given on Thursday, July 26 by Barclays Capital. The rating was maintained by Barclays Capital on Tuesday, May 1 with “Equal-Weight”. The company was maintained on Thursday, April 19 by Guggenheim. JP Morgan maintained Dana Incorporated (NYSE:DAN) on Wednesday, February 14 with “Neutral” rating. The rating was maintained by FBR Capital with “Hold” on Monday, June 25.

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

Dana Incorporated (NYSE:DAN) Institutional Positions Chart

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