Janus Henderson Group PLC grew its holdings in BorgWarner Inc. (NYSE:BWA) by 37.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 62,635 shares of the auto parts company’s stock after buying an additional 17,021 shares during the quarter. Janus Henderson Group PLC’s holdings in BorgWarner were worth $3,209,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zeke Capital Advisors LLC bought a new position in shares of BorgWarner in the 3rd quarter worth approximately $201,000. Dorsey & Whitney Trust CO LLC bought a new position in BorgWarner during the 3rd quarter valued at approximately $202,000. Rothschild Investment Corp IL bought a new position in BorgWarner during the 3rd quarter valued at approximately $205,000. Reliance Trust Co. of Delaware bought a new position in BorgWarner during the 3rd quarter valued at approximately $213,000. Finally, Savant Capital LLC bought a new position in BorgWarner during the 3rd quarter valued at approximately $213,000. Institutional investors and hedge funds own 95.15% of the company’s stock.
Shares of BorgWarner Inc. (NYSE:BWA) opened at $57.23 on Friday. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $57.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. The stock has a market capitalization of $11,787.98, a PE ratio of 41.47, a PEG ratio of 1.58 and a beta of 1.77.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts anticipate that BorgWarner Inc. will post 3.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s payout ratio is 49.28%.
A number of research firms recently weighed in on BWA. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp lifted their target price on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. UBS Group lifted their target price on BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. BMO Capital Markets raised their price target on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $61.00 target price on shares of BorgWarner in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. BorgWarner has an average rating of “Hold” and a consensus price target of $51.88.
In related news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares in the company, valued at $847,912.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the sale, the executive vice president now owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
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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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