Filings Don’t Lie: Dana Inc: Invesco Ltd Opened Big New Position

Filings Don't Lie: Dana Inc: Invesco Ltd Opened Big New Position

The New Invesco Ltd Holding in Dana Inc

Invesco Ltd filed with the SEC SC 13G/A form for Dana Inc. The form can be accessed here: 000091420816001185. As reported in Invesco Ltd’s form, the filler as of late owns 4.7% or 6,745,463 shares of the Consumer Discretionary–company.

Dana Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Invesco Ltd’s positive view for the stock.

Dana Inc Institutional Sentiment

Latest Security and Exchange filings show 232 investors own Dana Inc. The institutional ownership in Q3 2015 is very high, at 120.12% of the outstanding shares. This is increased by 4030565 the total institutional shares. 172755095 were the shares owned by these institutional investors. In total 28 funds opened new Dana Inc stakes, 97 increased stakes. There were 32 that closed positions and 81 reduced them.

5 managers had the stock in their top Ten. Notable investors are: Moon Capital Management Lp, Weber Alan W, Glendon Capital Management Lp..

Weber Alan W is an institutional investor bullish on Dana Inc, owning 271800 shares as of Q3 2015 for 3.88% of its portfolio. Wedge Capital Management L L P owns 9421138 shares or 1.58% of its portfolio. MA Covalent Partners Llc have 5.09% of their stock portfolio for 1520887 shares. Further, Moon Capital Management Lp reported stake worth 8.80% of its US stock portfolio. The CA Glendon Capital Management Lp owns 857086 shares. Dana Inc is 7.07% of the manager’s US portfolio.

Business Profile

Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. Its Light Vehicle segment’s products include front axles, rear axles, drive shafts, differentials, torque couplings and modular assemblies. Its Commercial Vehicle segment’s products include drive shafts and tire inflation systems. Its Off-Highway segment’s products include products include front axles, rear axles, drive shafts, transmissions, tire inflation systems and electronic controls. Its Power Technologies segment’s products include gaskets, cover modules among others.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.27, from 0.88 in 2016Q1. The ratio improved, as 33 funds sold all Dana Inc shares owned while 65 reduced positions. 35 funds bought stakes while 78 increased positions. They now own 140.54 million shares or 6.39% less from 150.13 million shares in 2016Q1.

Point72 Asset L P has invested 0.08% of its portfolio in Dana Inc (NYSE:DAN). Financial Bank Of New York Mellon Corp reported 2.15M shares or 0.01% of all its holdings. Renaissance Technologies Ltd Limited Liability Company holds 0.01% of its portfolio in Dana Inc (NYSE:DAN) for 386,800 shares. Moreover, Teacher Retirement System Of Texas has 0% invested in Dana Inc (NYSE:DAN) for 20,993 shares. Invesco holds 0.05% of its portfolio in Dana Inc (NYSE:DAN) for 13.12 million shares. Alyeska Limited Partnership has invested 0.05% of its portfolio in Dana Inc (NYSE:DAN). Adage Prtnrs Gp Llc holds 0.02% of its portfolio in Dana Inc (NYSE:DAN) for 612,860 shares. Bronson Point Management Ltd Co holds 0.96% of its portfolio in Dana Inc (NYSE:DAN) for 271,500 shares. Highbridge Cap Management Ltd Liability Com holds 0% of its portfolio in Dana Inc (NYSE:DAN) for 27,840 shares. Breton Hill Cap Limited has 0.25% invested in the company for 73,086 shares. Dimensional Fund Advisors L P reported 2.38 million shares or 0.01% of all its holdings. Nomura Asset Mgmt has invested 0% of its portfolio in Dana Inc (NYSE:DAN). Arizona State Retirement holds 57,837 shares or 0.01% of its portfolio. Blackrock Institutional Company Na holds 0.01% of its portfolio in Dana Inc (NYSE:DAN) for 4.51 million shares. Hsbc Holdings Public Limited Co holds 0% or 98,935 shares in its portfolio.

Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 2 insider sales for $227,492 net activity. 5,444 shares were sold by SCHULZ MARK A, worth $78,557 on Tuesday, August 23.

About 1.47 million shares traded hands. Dana Inc (NYSE:DAN) has risen 23.26% since April 8, 2016 and is uptrending. It has outperformed by 17.61% the S&P500.

Dana Inc, formerly Dana Holding Corporation, is a well-known provider of high technology driveline, sealing and thermal-management products. The company has a market cap of $2.30 billion. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It has a 32.13 P/E ratio. The Firm operates in four divisions: Light Vehicle Driveline Technologies , Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.

Dana Inc (NYSE:DAN) Ratings Coverage

Out of 4 analysts covering Dana Holding Corp (NYSE:DAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $21 is the highest target while $12 is the lowest. The $17.13 average target is 9.67% above today’s ($15.62) stock price. Dana Holding Corp has been the topic of 17 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, September 16 by Barclays Capital. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, November 10. The stock of Dana Inc (NYSE:DAN) earned “Equal Weight” rating by Barclays Capital on Friday, October 23. The rating was maintained by FBR Capital on Friday, February 19 with “Outperform”. The firm has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets. Barclays Capital maintained Dana Inc (NYSE:DAN) on Monday, January 25 with “Equalweight” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, October 23. RBC Capital Markets maintained Dana Inc (NYSE:DAN) on Friday, July 22 with “Sector Perform” rating. FBR Capital maintained it with “Outperform” rating and $21.0 target price in Friday, October 23 report.

More important recent Dana Inc (NYSE:DAN) news were published by: Toledoblade.com which released: “Dana Holding changes name to Dana Inc.” on July 21, 2016, also Toledoblade.com published article titled: “Dana Inc. reported dip in 3rd-quarter results”, Reuters.com published: “BRIEF-Dana Inc Q3 earnings per share $0.39” on October 20, 2016. More interesting news about Dana Inc (NYSE:DAN) was released by: Nasdaq.com and their article: “YieldBoost Dana From 1.6% To 15.9% Using Options” with publication date: November 09, 2016.

According to Zacks Investment Research, “Dana Inc. is a provider of technology driveline, sealing and thermal-management products. The company’s operating segment consists of Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies and Power Technologies. It operates primarily in North America, South America, Europe and Asia pacific. Dana Inc., formerly known as Dana Holding Corporation, is headquartered in Maumee, Ohio.”

DAN Company Profile

Dana Inc, formerly Dana Holding Corporation, incorporated on December 7, 2007, is a well-known provider of high technology driveline, sealing and thermal-management products. The Firm offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Firm operates in four divisions: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. It has activities in North America, South America, Europe and Asia pacific.

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