DekaBank Deutsche Girozentrale lifted its position in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 52.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 55,413 shares of the auto parts company’s stock after purchasing an additional 19,150 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in BorgWarner were worth $1,737,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of BorgWarner by 25.2% in the first quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock worth $14,458,000 after acquiring an additional 74,902 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in BorgWarner by 86.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock worth $859,000 after purchasing an additional 10,257 shares during the period. MetLife Investment Management LLC increased its holdings in BorgWarner by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after purchasing an additional 12,257 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in BorgWarner by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after purchasing an additional 1,987 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of BorgWarner by 1.8% during the first quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock worth $1,802,000 after purchasing an additional 840 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
Insiders Place Their Bets
In other news, CAO Tonit M. Calaway sold 6,305 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $40.46, for a total transaction of $255,100.30. Following the completion of the transaction, the chief accounting officer now directly owns 40,380 shares of the company’s stock, valued at $1,633,774.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.
BorgWarner Trading Down 0.3 %
BorgWarner (NYSE:BWA – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The auto parts company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.22. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.99 billion. BorgWarner had a net margin of 5.33% and a return on equity of 14.51%. The firm’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, analysts predict that BorgWarner Inc. will post 4.37 EPS for the current year.
BorgWarner Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.68 annualized dividend and a yield of 1.53%. BorgWarner’s dividend payout ratio (DPR) is 19.71%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on BWA. BNP Paribas upgraded BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, December 7th. StockNews.com upgraded shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 19th. Bank of America downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and decreased their target price for the company from $78.00 to $50.00 in a research note on Monday, January 9th. Citigroup boosted their price objective on shares of BorgWarner from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $45.00 to $53.00 in a research note on Thursday, January 19th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.00.
BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.
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