Andra AP fonden boosted its stake in BorgWarner Inc. (NYSE:BWA) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,600 shares of the auto parts company’s stock after buying an additional 3,600 shares during the period. Andra AP fonden owned 0.06% of BorgWarner worth $4,460,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in BWA. Scotia Capital Inc. acquired a new position in shares of BorgWarner in the second quarter worth about $1,035,000. Paloma Partners Management Co acquired a new position in shares of BorgWarner in the second quarter worth about $1,314,000. Victory Capital Management Inc. boosted its holdings in shares of BorgWarner by 16.0% in the second quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock worth $251,212,000 after buying an additional 824,302 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of BorgWarner by 855.6% in the second 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 buying an additional 47,110 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of BorgWarner by 223.3% in the third quarter. Pacer Advisors Inc. now owns 64,558 shares of the auto parts company’s stock worth $2,368,000 after buying an additional 44,588 shares during the period. Hedge funds and other institutional investors own 91.73% of the company’s stock.
A number of research firms have recently issued reports on BWA. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating and set a $39.00 price target for the company. in a research report on Friday, September 27th. Nomura began coverage on shares of BorgWarner in a research report on Tuesday, August 27th. They issued a “buy” rating and a $41.00 price target for the company. ValuEngine lowered shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 10th. Guggenheim began coverage on shares of BorgWarner in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. Finally, TheStreet raised shares of BorgWarner from a “c+” rating to a “b-” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.67.
NYSE:BWA opened at $44.14 on Tuesday. BorgWarner Inc. has a 12 month low of $30.71 and a 12 month high of $46.60. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.44 and a beta of 1.85. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $43.35 and its 200-day moving average is $38.89.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. BorgWarner’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Research analysts predict that BorgWarner Inc. will post 3.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.54%. BorgWarner’s payout ratio is 15.18%.
BorgWarner Company Profile
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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