Quadrature Capital Ltd Buys 43,094 Shares of BorgWarner Inc. (BWA)

Quadrature Capital Ltd boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 86.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,681 shares of the auto parts company’s stock after buying an additional 43,094 shares during the period. Quadrature Capital Ltd’s holdings in BorgWarner were worth $4,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. BlackRock Inc. boosted its stake in BorgWarner by 11.7% during the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after buying an additional 1,823,272 shares during the last quarter. Cornerstone Investment Partners LLC boosted its stake in BorgWarner by 87.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after buying an additional 1,519,785 shares during the last quarter. Prudential Financial Inc. boosted its stake in BorgWarner by 154.3% during the third quarter. Prudential Financial Inc. now owns 2,076,392 shares of the auto parts company’s stock worth $106,373,000 after buying an additional 1,259,970 shares during the last quarter. American Century Companies Inc. boosted its stake in BorgWarner by 245.4% during the fourth quarter. American Century Companies Inc. now owns 1,711,638 shares of the auto parts company’s stock worth $87,448,000 after buying an additional 1,216,102 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in BorgWarner during the third quarter worth $56,713,000. 96.75% of the stock is currently owned by institutional investors.

Shares of BorgWarner Inc. (BWA) opened at $52.32 on Friday. BorgWarner Inc. has a 1 year low of $37.54 and a 1 year high of $58.22. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10,999.14, a price-to-earnings ratio of 13.43, a price-to-earnings-growth 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, beating the Zacks’ 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 company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. equities research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. BorgWarner’s dividend payout ratio is presently 32.85%.

A number of research firms have weighed in on BWA. Wells Fargo & Co boosted their price objective on BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Royal Bank of Canada raised BorgWarner from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 9th. ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reissued a “hold” rating and set a $58.00 price objective on shares of BorgWarner in a research note on Sunday, January 21st. Finally, Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $52.59.

In related news, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction 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 sale, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John J. Gasparovic sold 38,409 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by 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.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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