Neuberger Berman Group LLC grew its stake in BorgWarner Inc. (NYSE:BWA) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 826,818 shares of the auto parts company’s stock after purchasing an additional 23,872 shares during the period. Neuberger Berman Group LLC owned about 0.39% of BorgWarner worth $42,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cutter & CO Brokerage Inc. lifted its holdings in shares of BorgWarner by 1.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 90 shares during the period. MML Investors Services LLC lifted its holdings in shares of BorgWarner by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 91 shares during the period. Mastrapasqua Asset Management Inc. lifted its holdings in shares of BorgWarner by 0.4% during the 2nd quarter. Mastrapasqua Asset Management Inc. now owns 27,858 shares of the auto parts company’s stock worth $1,180,000 after acquiring an additional 100 shares during the period. Sentry Investment Management LLC lifted its holdings in shares of BorgWarner by 0.9% during the 2nd quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock worth $573,000 after acquiring an additional 120 shares during the period. Finally, Westover Capital Advisors LLC lifted its holdings in shares of BorgWarner by 1.6% during the 2nd quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock worth $529,000 after acquiring an additional 200 shares during the period. Institutional investors own 95.15% of the company’s stock.

BorgWarner Inc. (NYSE:BWA) opened at $52.20 on Wednesday. BorgWarner Inc. has a 1-year low of $37.54 and a 1-year high of $55.86. The stock has a market cap of $11,003.66, a PE ratio of 14.22, a P/E/G ratio of 1.58 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. equities analysts predict that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.17 per share. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, November 30th. BorgWarner’s dividend payout ratio (DPR) is currently 49.28%.

A number of research firms have recently commented on BWA. Oppenheimer began coverage on shares of BorgWarner in a report on Thursday, December 7th. They set an “outperform” rating and a $63.00 price objective for the company. Citigroup raised their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. BMO Capital Markets raised their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. UBS raised their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Buckingham Research raised their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.12.

In related news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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BorgWarner Company Profile

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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