Stevens Capital Management LP lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 73.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,511 shares of the auto parts company’s stock after selling 62,058 shares during the period. Stevens Capital Management LP’s holdings in BorgWarner were worth $1,153,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in BWA. CENTRAL TRUST Co grew its position in shares of BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after acquiring an additional 135 shares during the last quarter. Exane Derivatives bought a new position in shares of BorgWarner during the second quarter worth about $135,000. Pacer Advisors Inc. grew its position in shares of BorgWarner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 341 shares during the last quarter. Rothschild Investment Corp IL bought a new position in shares of BorgWarner during the third quarter worth about $205,000. Finally, Obermeyer Wood Investment Counsel Lllp grew its position in shares of BorgWarner by 2.5% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock worth $208,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the sale, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, September 5th. Deutsche Bank AG lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a research report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and issued a $55.00 target price on shares of BorgWarner in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $56.00 target price on shares of BorgWarner in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. BorgWarner has a consensus rating of “Hold” and a consensus target price of $47.72.
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Shares of BorgWarner Inc. (BWA) opened at $52.03 on Tuesday. BorgWarner Inc. has a 1-year low of $33.81 and a 1-year high of $53.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The firm has a market cap of $10,978.36, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. equities research analysts anticipate that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. BorgWarner’s dividend payout ratio is currently 40.58%.
BorgWarner Company Profile
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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