Schroder Investment Management Group Has $85.86 Million Stake in BorgWarner Inc. (BWA)

Schroder Investment Management Group lifted its position in BorgWarner Inc. (NYSE:BWA) by 5.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,680,603 shares of the auto parts company’s stock after acquiring an additional 80,988 shares during the period. Schroder Investment Management Group’s holdings in BorgWarner were worth $85,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. FMR LLC lifted its stake in shares of BorgWarner by 19.1% in the second quarter. FMR LLC now owns 274,923 shares of the auto parts company’s stock worth $11,646,000 after buying an additional 44,121 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of BorgWarner by 27.6% during the second quarter. Janus Henderson Group PLC now owns 45,614 shares of the auto parts company’s stock valued at $1,932,000 after purchasing an additional 9,863 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BorgWarner by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,069 shares of the auto parts company’s stock valued at $850,000 after purchasing an additional 1,223 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of BorgWarner by 9.5% during the second quarter. Bank of Nova Scotia now owns 45,062 shares of the auto parts company’s stock valued at $1,909,000 after purchasing an additional 3,904 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of BorgWarner by 24.9% during the second quarter. Toronto Dominion Bank now owns 68,094 shares of the auto parts company’s stock valued at $2,884,000 after purchasing an additional 13,593 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

Shares of BorgWarner Inc. (BWA) opened at $52.22 on Friday. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $58.22. The company has a market cap of $10,994.92, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82. 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 announced its earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $2.53 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. equities research analysts predict that BorgWarner Inc. will post 4.27 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio is currently 32.85%.

Several research analysts have recently weighed in on BWA shares. Royal Bank of Canada raised 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 company 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 company a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Thursday, January 11th. Finally, Oppenheimer started coverage on shares of BorgWarner in a report on Thursday, December 7th. They set an “outperform” rating and a $63.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.59.

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joel Wiegert sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the sale, the vice president now directly owns 16,197 shares of the company’s stock, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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About BorgWarner

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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