BlackRock Amends DANA INC Stake, Signals Passive Investment Update
Ticker: DAN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 26780
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in DANA INC; no major red flags.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of DANA INC common stock as of December 31, 2023. This filing, Amendment No. 19, updates their previous disclosures regarding their passive investment in the motor vehicle parts and accessories company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding DANA INC.
Why It Matters
This filing shows BlackRock's updated passive ownership in DANA INC, which can influence investor sentiment and potentially impact the stock's perceived stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake, which typically carries low risk for the average investor.
Analyst Insight
An investor should note BlackRock's continued passive interest in DANA INC, but this filing alone doesn't suggest any immediate action. It's a routine update from a major institutional holder.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- DANA INC (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 19 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in DANA INC. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment (indicated by 'A') to a Schedule 13G. It signifies that BlackRock Inc., a passive institutional investor, is updating its previously reported ownership stake in DANA INC.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a large asset management firm based out of 50 Hudson Yards, New York, NY.
What is the subject company of this filing?
The subject company is DANA INC, a company in the Motor Vehicle Parts & Accessories industry, with its business address at 3939 Technology Drive, Maumee, OH.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of DANA INC, as reported in the filing, is 235825205.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding DANA INC (DAN).