Sheaff Brock Investment Advisors LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 25,462 shares of the auto parts company’s stock, valued at approximately $1,301,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in BWA. BlackRock Inc. grew its position in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock valued at $886,092,000 after purchasing an additional 1,823,272 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in shares of BorgWarner by 87.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock valued at $166,434,000 after purchasing an additional 1,519,785 shares in the last quarter. Prudential Financial Inc. grew its position in shares of BorgWarner by 154.3% in the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock valued at $106,373,000 after purchasing an additional 1,259,970 shares in the last quarter. American Century Companies Inc. grew its position in shares of BorgWarner by 245.4% in the fourth quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock valued at $87,448,000 after purchasing an additional 1,216,102 shares in the last quarter. Finally, Rothschild Asset Management Inc. purchased a new position in shares of BorgWarner in the third quarter valued at $56,713,000. Institutional investors own 96.75% of the company’s stock.
BorgWarner Inc. (BWA) opened at $52.25 on Thursday. BorgWarner Inc. has a 52-week low of $37.54 and a 52-week high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. The company has a market capitalization of $11,003.35, a PE ratio of 25.16, a P/E/G ratio of 1.42 and a beta of 1.82.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. 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 previous year, the business 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is currently 32.85%.
In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares of the company’s stock, valued at $847,912.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated 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 directly 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. Insiders own 0.66% of the company’s stock.
Several equities analysts have recently weighed in on BWA shares. Royal Bank of Canada upgraded BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Co lifted their price target on BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Citigroup lifted their price target on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Thursday, January 11th. Finally, Oppenheimer started coverage on BorgWarner in a research report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. BorgWarner currently has an average rating of “Hold” and a consensus target price of $52.59.
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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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