Keybank National Association OH lifted its stake in BorgWarner Inc. (NYSE:BWA) by 176.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,206 shares of the auto parts company’s stock after purchasing an additional 18,003 shares during the quarter. Keybank National Association OH’s holdings in BorgWarner were worth $1,445,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of BorgWarner by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock valued at $867,128,000 after purchasing an additional 308,140 shares during the last quarter. Boston Partners raised its position in shares of BorgWarner by 2.2% in the 2nd quarter. Boston Partners now owns 10,810,607 shares of the auto parts company’s stock valued at $457,937,000 after purchasing an additional 229,447 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of BorgWarner by 2.1% in the 2nd 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 last quarter. Victory Capital Management Inc. raised its position in shares of BorgWarner by 1.3% in the 3rd 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 last quarter. Finally, Kiltearn Partners LLP raised its position in shares of BorgWarner by 0.9% in the 2nd 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 last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Inc. (NYSE:BWA) opened at $51.79 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The firm has a market cap of $10,978.36, a P/E ratio of 14.19, a PEG ratio of 1.51 and a beta of 1.75. BorgWarner Inc. has a 1-year low of $33.81 and a 1-year high of $53.84.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a net margin of 8.05% and a return on equity of 19.94%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. sell-side analysts anticipate that BorgWarner Inc. will post 3.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. BorgWarner’s payout ratio is 40.58%.
Several equities analysts recently commented on BWA shares. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Deutsche Bank AG lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Thursday, October 12th. Barclays PLC set a $50.00 price objective on shares of BorgWarner and gave the company a “hold” rating in a research report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 price objective on shares of BorgWarner in a research report on Tuesday, August 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $55.00 price objective (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. BorgWarner currently has a consensus rating of “Hold” and a consensus price target of $47.72.
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In related news, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the sale, the insider now owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the sale, the executive vice president now directly owns 34,120 shares in the company, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
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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