Macquarie Group Ltd. boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,973 shares of the auto parts company’s stock after acquiring an additional 36,873 shares during the quarter. Macquarie Group Ltd. owned about 0.20% of BorgWarner worth $17,790,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in BWA. UBS Asset Management Americas Inc. raised its position in BorgWarner by 7.4% in the first quarter. UBS Asset Management Americas Inc. now owns 619,106 shares of the auto parts company’s stock worth $25,872,000 after acquiring an additional 42,792 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in BorgWarner in the first quarter worth $201,000. Pacer Advisors Inc. raised its position in BorgWarner by 3.1% in the first quarter. Pacer Advisors Inc. now owns 4,092 shares of the auto parts company’s stock worth $171,000 after acquiring an additional 123 shares in the last quarter. Clinton Group Inc. purchased a new position in BorgWarner in the first quarter worth $205,000. Finally, Van ECK Associates Corp raised its position in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
BorgWarner Inc. (BWA) opened at 50.92 on Friday. The stock has a market cap of $10.75 billion, a PE ratio of 56.77 and a beta of 1.76. The stock has a 50 day moving average price of $48.75 and a 200-day moving average price of $44.23. BorgWarner Inc. has a 12 month low of $33.09 and a 12 month high of $52.71.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that BorgWarner Inc. will post $3.70 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Wednesday, August 30th. BorgWarner’s dividend payout ratio (DPR) is presently 62.92%.
In other news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the sale, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
A number of brokerages have recently weighed in on BWA. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, August 29th. CLSA began coverage on BorgWarner in a research report on Thursday, June 22nd. They issued a “hold” rating and a $45.00 price target for the company. Jefferies Group LLC restated a “buy” rating and issued a $48.00 price target on shares of BorgWarner in a research report on Tuesday, July 4th. Finally, BidaskClub upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. BorgWarner has an average rating of “Hold” and an average target price of $45.60.
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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