US Bancorp DE lessened its position in BorgWarner (NYSE:BWA) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,084 shares of the auto parts company’s stock after selling 5,866 shares during the quarter. US Bancorp DE owned approximately 0.05% of BorgWarner worth $5,329,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWA. BP PLC increased its position in 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 buying an additional 53,000 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in BorgWarner during the 4th quarter valued at approximately $3,133,000. Cornercap Investment Counsel Inc. increased its position in BorgWarner by 3.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 120,049 shares of the auto parts company’s stock valued at $6,133,000 after buying an additional 3,602 shares in the last quarter. Penserra Capital Management LLC increased its position in BorgWarner by 25.3% during the 4th quarter. Penserra Capital Management LLC now owns 8,722 shares of the auto parts company’s stock valued at $445,000 after buying an additional 1,760 shares in the last quarter. Finally, KBC Group NV increased its position in BorgWarner by 4.7% during the 4th quarter. KBC Group NV now owns 94,191 shares of the auto parts company’s stock valued at $4,812,000 after buying an additional 4,210 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.
BorgWarner opened at $51.55 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.52 and a quick ratio of 1.19. BorgWarner has a 12 month low of $40.00 and a 12 month high of $58.22. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.48 and a beta of 1.81.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, April 26th. The auto parts company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. BorgWarner’s revenue was up 15.7% compared to the same quarter last year. equities research analysts forecast that BorgWarner will post 4.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 31st. BorgWarner’s payout ratio is currently 17.48%.
A number of research analysts recently weighed in on BWA shares. Royal Bank of Canada raised BorgWarner from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 9th. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Morgan Stanley lowered BorgWarner to a “buy” rating and set a $57.00 price objective for the company. in a research report on Friday, March 23rd. Wells Fargo & Co raised their price objective on BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $64.00 price objective on shares of BorgWarner in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.89.
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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