Keybank National Association OH lowered its position in BorgWarner Inc. (NYSE:BWA) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,795 shares of the auto parts company’s stock after selling 1,411 shares during the quarter. Keybank National Association OH’s holdings in BorgWarner were worth $1,369,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. BP PLC lifted its holdings in BorgWarner by 212.0% in the 4th quarter. BP PLC now owns 78,000 shares of the auto parts company’s stock worth $3,984,000 after buying an additional 53,000 shares in the last quarter. Prudential Financial Inc. lifted its holdings in BorgWarner by 154.3% in the 3rd quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after buying an additional 1,259,970 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in BorgWarner by 37.3% in the 3rd quarter. Janus Henderson Group PLC now owns 62,635 shares of the auto parts company’s stock worth $3,209,000 after buying an additional 17,021 shares in the last quarter. Toronto Dominion Bank lifted its holdings in BorgWarner by 11.4% in the 3rd quarter. Toronto Dominion Bank now owns 75,840 shares of the auto parts company’s stock worth $3,885,000 after buying an additional 7,746 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new position in BorgWarner in the 3rd quarter worth $454,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.
In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the transaction, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
Shares of BorgWarner Inc. (NYSE:BWA) opened at $52.26 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. BorgWarner Inc. has a 1 year low of $37.54 and a 1 year high of $58.22. The firm has a market cap of $10,994.93, a PE ratio of 13.42, a P/E/G ratio of 1.42 and a beta of 1.82.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. research analysts expect that BorgWarner Inc. will post 4.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is 32.85%.
A number of equities analysts have commented on BWA shares. Royal Bank of Canada upgraded shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a report on Friday, February 9th. Wells Fargo & Co boosted their price objective on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Citigroup boosted their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Thursday, January 11th. Finally, Oppenheimer started coverage on shares of BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.59.
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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