Homrich & Berg increased its stake in BorgWarner Inc. (NYSE:BWA) by 99.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,982 shares of the auto parts company’s stock after buying an additional 19,917 shares during the period. Homrich & Berg’s holdings in BorgWarner were worth $1,671,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in BorgWarner by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 2,531 shares of the auto parts company’s stock valued at $100,000 after buying an additional 142 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of BorgWarner during the fourth quarter worth approximately $102,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of BorgWarner during the first quarter valued at about $105,000. Whittier Trust Co. raised its position in shares of BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock valued at $132,000 after buying an additional 189 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of BorgWarner by 3.1% in the first quarter. Pacer Advisors Inc. now owns 4,092 shares of the auto parts company’s stock valued at $171,000 after buying an additional 123 shares in the last quarter. 93.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BorgWarner Inc. (NYSE BWA) traded down 1.04% on Tuesday, reaching $40.90. 632,635 shares of the company were exchanged. BorgWarner Inc. has a 52 week low of $27.52 and a 52 week high of $45.05. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 60.86 and a beta of 1.62. The firm’s 50 day moving average price is $42.10 and its 200 day moving average price is $41.07.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.07. BorgWarner had a net margin of 1.56% and a return on equity of 20.10%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business posted $0.80 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post $3.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, May 30th. BorgWarner’s dividend payout ratio is currently 86.16%.
BWA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded BorgWarner from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Deutsche Bank AG raised their target price on BorgWarner from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, April 28th. BMO Capital Markets raised their price target on shares of BorgWarner from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of BorgWarner in a research report on Saturday, April 29th. Finally, Morgan Stanley lowered their price target on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.62.
In other BorgWarner news, Director Dennis C. Cuneo sold 1,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $44.06, for a total transaction of $44,060.00. Following the completion of the transaction, the director now owns 13,398 shares of the company’s stock, valued at $590,315.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronald T. Hundzinski sold 3,776 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $41.53, for a total transaction of $156,817.28. Following the transaction, the insider now directly owns 141,958 shares of the company’s stock, valued at approximately $5,895,515.74. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
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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