Lingohr & Partner Asset Management GmbH bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,900 shares of the auto parts company’s stock, valued at approximately $372,000.
A number of other institutional investors also recently bought and sold shares of the stock. ProShare Advisors LLC grew its holdings in BorgWarner by 1.6% during the second quarter. ProShare Advisors LLC now owns 56,869 shares of the auto parts company’s stock worth $2,409,000 after acquiring an additional 881 shares during the period. Profund Advisors LLC acquired a new stake in BorgWarner during the second quarter worth about $237,000. Laurion Capital Management LP acquired a new stake in BorgWarner during the second quarter worth about $574,000. Stevens Capital Management LP grew its holdings in BorgWarner by 0.7% during the second quarter. Stevens Capital Management LP now owns 84,569 shares of the auto parts company’s stock worth $3,582,000 after acquiring an additional 595 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in BorgWarner during the second quarter worth about $1,189,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BorgWarner Inc. (NYSE:BWA) traded up 1.02% during mid-day trading on Friday, hitting $48.76. The stock had a trading volume of 2,096,404 shares. The stock has a 50 day moving average price of $45.87 and a 200-day moving average price of $43.06. The company has a market cap of $10.29 billion, a PE ratio of 54.36 and a beta of 1.73. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $49.00.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, equities analysts expect that BorgWarner Inc. will post $3.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 30th. BorgWarner’s dividend payout ratio is currently 62.92%.
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In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the sale, the executive vice president now owns 34,120 shares in the company, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
Several analysts recently commented on the company. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating on shares of BorgWarner in a report on Tuesday, September 12th. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 target price on shares of BorgWarner in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of BorgWarner in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.00.
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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