Earnest Partners LLC reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,125,283 shares of the auto parts company’s stock after selling 52,471 shares during the quarter. Earnest Partners LLC’s holdings in BorgWarner were worth $57,491,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. HPM Partners LLC increased its stake in BorgWarner by 10.0% in the 4th quarter. HPM Partners LLC now owns 90,148 shares of the auto parts company’s stock worth $4,606,000 after acquiring an additional 8,207 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in BorgWarner in the 4th quarter worth about $1,271,000. Cornercap Investment Counsel Inc. increased its stake in BorgWarner by 3.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,049 shares of the auto parts company’s stock worth $6,133,000 after acquiring an additional 3,602 shares during the last quarter. QS Investors LLC increased its stake in BorgWarner by 84.2% in the 4th quarter. QS Investors LLC now owns 4,894 shares of the auto parts company’s stock worth $250,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in BorgWarner by 3.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 192,436 shares of the auto parts company’s stock worth $9,832,000 after acquiring an additional 5,862 shares during the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.
A number of equities analysts have weighed in on BWA shares. Oppenheimer started coverage on BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price on the stock. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Royal Bank of Canada restated a “hold” rating and issued a $61.00 target price on shares of BorgWarner in a research note on Wednesday, December 20th. Barclays restated a “hold” rating and issued a $58.00 target price on shares of BorgWarner in a research note on Sunday, January 21st. Finally, ValuEngine upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.53.
Shares of BorgWarner Inc. (NYSE:BWA) opened at $50.77 on Tuesday. The firm has a market capitalization of $10,855.96, a PE ratio of 13.25, a P/E/G ratio of 1.26 and a beta of 1.86. BorgWarner Inc. has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The company has a current ratio of 1.46, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. BorgWarner’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. equities analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.34%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio is presently 32.85%.
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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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