BorgWarner Inc. (BWA) Holdings Boosted by Mork Capital Management LLC
Mork Capital Management LLC raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 48.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,400 shares of the auto parts company’s stock after acquiring an additional 14,400 shares during the period. BorgWarner comprises approximately 1.7% of Mork Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Mork Capital Management LLC’s holdings in BorgWarner were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Signaturefd LLC bought a new position in BorgWarner during the 1st quarter valued at $115,000. AdvisorNet Financial Inc lifted its stake in BorgWarner by 93.0% during the 1st quarter. AdvisorNet Financial Inc now owns 3,049 shares of the auto parts company’s stock valued at $153,000 after acquiring an additional 1,469 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in BorgWarner during the 1st quarter valued at $173,000. Whittier Trust Co. lifted its stake in BorgWarner by 90.8% during the 2nd quarter. Whittier Trust Co. now owns 3,478 shares of the auto parts company’s stock valued at $227,000 after acquiring an additional 1,655 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in BorgWarner during the 2nd quarter valued at $166,000. Institutional investors and hedge funds own 91.06% of the company’s stock.
In related news, EVP Tonit M. Calaway sold 4,590 shares of BorgWarner stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $46.01, for a total value of $211,185.90. Following the completion of the sale, the executive vice president now owns 34,982 shares of the company’s stock, valued at approximately $1,609,521.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Thomas J. Mcgill sold 3,260 shares of BorgWarner stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $44.55, for a total value of $145,233.00. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.
Shares of BorgWarner stock opened at $45.28 on Monday. BorgWarner Inc. has a 1 year low of $42.06 and a 1 year high of $58.22. The firm has a market cap of $9.18 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.23 and a beta of 1.85. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 26th. The auto parts company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.08. BorgWarner had a return on equity of 22.83% and a net margin of 5.11%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. equities analysts expect that BorgWarner Inc. will post 4.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Tuesday, September 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 31st. BorgWarner’s dividend payout ratio (DPR) is currently 17.48%.
BorgWarner Company Profile
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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