BorgWarner Inc. (BWA) Shares Bought by Massmutual Trust Co. FSB ADV
Massmutual Trust Co. FSB ADV raised its stake in BorgWarner Inc. (NYSE:BWA) by 198.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,333 shares of the auto parts company’s stock after purchasing an additional 18,846 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in BorgWarner were worth $1,223,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of BorgWarner by 14.5% during the 2nd quarter. BlackRock Inc. now owns 19,874,263 shares of the auto parts company’s stock valued at $857,773,000 after buying an additional 2,517,481 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of BorgWarner by 3.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 8,380,386 shares of the auto parts company’s stock valued at $361,697,000 after buying an additional 241,769 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of BorgWarner by 4.0% during the 1st quarter. JPMorgan Chase & Co. now owns 5,205,225 shares of the auto parts company’s stock valued at $261,459,000 after buying an additional 198,540 shares during the last quarter. LSV Asset Management grew its position in shares of BorgWarner by 8.4% during the 2nd quarter. LSV Asset Management now owns 4,426,453 shares of the auto parts company’s stock valued at $191,045,000 after buying an additional 341,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of BorgWarner by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,536,508 shares of the auto parts company’s stock valued at $109,489,000 after buying an additional 73,548 shares during the last quarter. 91.62% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on BWA. BMO Capital Markets set a $60.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada reduced their target price on shares of BorgWarner to $49.00 and set a “positive” rating for the company in a research note on Wednesday. ValuEngine lowered shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 1st. Citigroup reduced their target price on shares of BorgWarner from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Finally, Oppenheimer reduced their target price on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. BorgWarner currently has an average rating of “Buy” and a consensus target price of $56.67.
BorgWarner stock opened at $45.78 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.28 and a beta of 1.88. BorgWarner Inc. has a 52-week low of $42.06 and a 52-week high of $58.22.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 26th. The auto parts company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.08. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.71 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. BorgWarner’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. equities analysts forecast that BorgWarner Inc. will post 4.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, August 31st. BorgWarner’s dividend payout ratio 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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