SG Americas Securities LLC lifted its holdings in BorgWarner Inc. (NYSE:BWA) by 171.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,836 shares of the auto parts company’s stock after purchasing an additional 51,080 shares during the period. SG Americas Securities LLC’s holdings in BorgWarner were worth $2,965,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Scotia Capital Inc. bought a new stake in shares of BorgWarner during the 2nd quarter worth about $1,035,000. Paloma Partners Management Co acquired a new position in BorgWarner in the 2nd quarter valued at $1,314,000. Victory Capital Management Inc. raised its holdings in BorgWarner by 16.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock worth $251,212,000 after acquiring an additional 824,302 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in BorgWarner by 855.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,616 shares of the auto parts company’s stock worth $2,209,000 after acquiring an additional 47,110 shares during the period. Finally, Andra AP fonden lifted its position in BorgWarner by 7.1% during the 2nd quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock worth $4,954,000 after acquiring an additional 7,800 shares during the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.
BWA has been the subject of a number of recent analyst reports. Wolfe Research set a $50.00 price target on shares of BorgWarner and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research downgraded BorgWarner from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a research report on Friday, September 27th. Citigroup reduced their price objective on BorgWarner from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Barclays reiterated a “buy” rating and set a $46.00 target price on shares of BorgWarner in a research note on Sunday, November 3rd. Finally, Royal Bank of Canada set a $41.00 price target on shares of BorgWarner and gave the stock a “hold” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Hold” and a consensus target price of $45.33.
BorgWarner stock traded down $1.49 during trading hours on Wednesday, reaching $42.02. 2,061,122 shares of the company’s stock traded hands, compared to its average volume of 1,670,166. The firm’s 50 day moving average is $40.22 and its 200-day moving average is $38.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.58. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.47 and a beta of 1.85. BorgWarner Inc. has a fifty-two week low of $30.71 and a fifty-two week high of $46.60.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. BorgWarner had a return on equity of 19.43% and a net margin of 7.43%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Analysts predict that BorgWarner Inc. will post 3.93 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, November 29th. BorgWarner’s dividend payout ratio is 15.18%.
About BorgWarner
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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