Stifel Financial Corp raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,517 shares of the auto parts company’s stock after buying an additional 18,227 shares during the quarter. Stifel Financial Corp owned about 0.33% of BorgWarner worth $35,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc boosted its position in shares of BorgWarner by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after acquiring an additional 61 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its position 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 valued at $223,000 after acquiring an additional 90 shares during the last quarter. MML Investors Services LLC boosted its position 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 valued at $314,000 after acquiring an additional 91 shares during the last quarter. Mastrapasqua Asset Management Inc. boosted its position 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 valued at $1,180,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of BorgWarner by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock valued at $525,000 after acquiring an additional 100 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Shares of BorgWarner Inc. (BWA) opened at $55.01 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner Inc. has a 52-week low of $35.74 and a 52-week high of $55.86. The stock has a market capitalization of $11,598.23, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.60 and a beta of 1.76.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. analysts anticipate that BorgWarner Inc. will post 3.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.17 dividend. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. BorgWarner’s dividend payout ratio (DPR) is presently 49.28%.

BWA has been the subject of a number of research reports. Barclays set a $46.00 target price on BorgWarner and gave the company a “hold” rating in a research report on Sunday, August 6th. Deutsche Bank raised their price target on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, August 22nd. Jefferies Group restated a “buy” rating and issued a $56.00 price target on shares of BorgWarner in a research report on Tuesday, August 29th. Finally, Robert W. Baird restated a “buy” rating and issued a $55.00 price target on shares of BorgWarner in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.88.

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BorgWarner 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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