Rhumbline Advisers raised its position in BorgWarner Inc. (NYSE:BWA) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,729 shares of the auto parts company’s stock after purchasing an additional 5,469 shares during the period. Rhumbline Advisers owned approximately 0.19% of BorgWarner worth $20,324,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in BorgWarner by 1.5% during the second quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock worth $867,128,000 after purchasing an additional 308,140 shares during the last quarter. Boston Partners raised its position in BorgWarner by 7.2% during the third quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock worth $593,672,000 after acquiring an additional 777,782 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of BorgWarner by 2.1% in the second quarter. Diamond Hill Capital Management Inc. now owns 8,486,663 shares of the auto parts company’s stock valued at $359,495,000 after purchasing an additional 176,245 shares during the period. Victory Capital Management Inc. raised its position in shares of BorgWarner by 1.3% in the third quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock valued at $200,044,000 after purchasing an additional 50,161 shares during the period. Finally, Kiltearn Partners LLP raised its position in shares of BorgWarner by 0.9% in the second quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock valued at $133,538,000 after purchasing an additional 28,300 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Inc. (BWA) traded down $1.33 during trading hours on Wednesday, hitting $53.05. 1,721,448 shares of the stock traded hands, compared to its average volume of 1,812,384. BorgWarner Inc. has a 12 month low of $37.54 and a 12 month high of $55.86. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The company has a market cap of $11,435.88, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.57 and a beta of 1.76.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm posted $0.78 EPS. BorgWarner’s revenue was up 9.1% compared to the same quarter last year. equities research analysts anticipate that BorgWarner Inc. will post 3.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, November 30th. BorgWarner’s payout ratio is currently 49.28%.
Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. BMO Capital Markets raised their price target on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. UBS raised their price target on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Buckingham Research increased their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.88.
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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