CS Mckee LP decreased its position in BorgWarner Inc. (NYSE:BWA) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410,155 shares of the auto parts company’s stock after selling 14,540 shares during the period. BorgWarner accounts for 1.6% of CS Mckee LP’s investment portfolio, making the stock its 28th biggest holding. CS Mckee LP owned 0.19% of BorgWarner worth $21,012,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of BWA. Goldman Sachs Group Inc. increased its stake in BorgWarner by 108.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,496,736 shares of the auto parts company’s stock valued at $105,762,000 after buying an additional 1,297,584 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in BorgWarner in the 3rd quarter valued at about $56,713,000. Boston Partners increased its stake in BorgWarner by 7.2% in the 3rd quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock valued at $593,672,000 after buying an additional 777,782 shares during the last quarter. Black Creek Investment Management Inc. increased its stake in BorgWarner by 32.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock valued at $112,858,000 after buying an additional 653,574 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in BorgWarner by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,854,638 shares of the auto parts company’s stock valued at $163,282,000 after buying an additional 533,701 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.
Several brokerages have recently issued reports on BWA. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, August 22nd. KeyCorp raised their price target on shares of BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Oppenheimer began coverage on shares of BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 price target for the company. 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 note on Thursday, October 19th. Finally, 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 note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. BorgWarner currently has a consensus rating of “Hold” and a consensus price target of $49.67.
BorgWarner Inc. (NYSE:BWA) traded down $0.20 on Tuesday, reaching $53.56. 1,392,200 shares of the company traded hands, compared to its average volume of 1,803,751. The company has a market cap of $11,334.68, a P/E ratio of 14.65, a PEG ratio of 1.63 and a beta of 1.76. BorgWarner Inc. has a 52 week low of $37.54 and a 52 week high of $55.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. BorgWarner’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. equities analysts anticipate that BorgWarner Inc. will post 3.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.17 dividend. The ex-dividend date is Thursday, November 30th. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 1.27%. BorgWarner’s dividend payout ratio (DPR) is 49.28%.
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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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