Paloma Partners Management Co grew its position in shares of BorgWarner (NYSE:BWA) by 395.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,784 shares of the auto parts company’s stock after purchasing an additional 20,584 shares during the quarter. Paloma Partners Management Co’s holdings in BorgWarner were worth $1,317,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. BP PLC increased its position in shares of BorgWarner by 212.0% during the 4th quarter. BP PLC now owns 78,000 shares of the auto parts company’s stock valued at $3,984,000 after purchasing an additional 53,000 shares during the last quarter. Prudential Financial Inc. increased its position in shares of BorgWarner by 154.3% during the 3rd 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 during the last quarter. Janus Henderson Group PLC increased its position in shares of BorgWarner by 37.3% during the 3rd quarter. Janus Henderson Group PLC now owns 62,635 shares of the auto parts company’s stock valued at $3,209,000 after purchasing an additional 17,021 shares during the last quarter. Toronto Dominion Bank increased its position in shares of BorgWarner by 11.4% during the 3rd quarter. Toronto Dominion Bank now owns 75,840 shares of the auto parts company’s stock valued at $3,885,000 after purchasing an additional 7,746 shares during the last quarter. Finally, LMR Partners LLP bought a new position in shares of BorgWarner during the 3rd quarter valued at about $642,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Barclays reiterated a “hold” rating and set a $58.00 price objective on shares of BorgWarner in a research report on Sunday, January 21st. ValuEngine upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and set a $61.00 price target on shares of BorgWarner in a research report on Wednesday, December 20th. Finally, Wells Fargo raised their price target on BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $54.17.
Shares of BWA stock traded down $1.20 during trading hours on Friday, reaching $51.27. The company’s stock had a trading volume of 1,175,929 shares, compared to its average volume of 1,310,029. The firm has a market cap of $10,794.90, a P/E ratio of 13.18, a P/E/G ratio of 1.39 and a beta of 1.81. BorgWarner has a one year low of $37.54 and a one year 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.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. equities analysts predict that BorgWarner will post 4.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Wednesday, February 28th. BorgWarner’s payout ratio is presently 17.48%.
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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.
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