O Shaughnessy Asset Management LLC boosted its position in BorgWarner Inc. (NYSE:BWA – Get Rating) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,868 shares of the auto parts company’s stock after purchasing an additional 8,148 shares during the period. O Shaughnessy Asset Management LLC’s holdings in BorgWarner were worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its position in shares of BorgWarner by 7,755.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 707 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 698 shares during the period. CX Institutional acquired a new stake in shares of BorgWarner during the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC acquired a new stake in shares of BorgWarner during the 2nd quarter valued at approximately $33,000. CVA Family Office LLC acquired a new stake in shares of BorgWarner during the 2nd quarter valued at approximately $44,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of BorgWarner during the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 92.14% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on BWA. Citigroup lifted their price target on shares of BorgWarner from $37.00 to $44.00 in a research report on Wednesday. Morgan Stanley raised their price objective on shares of BorgWarner from $32.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, October 28th. StockNews.com raised shares of BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 28th. Bank of America dropped their price objective on shares of BorgWarner from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Finally, Royal Bank of Canada raised their price objective on shares of BorgWarner from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.00.
BorgWarner Stock Down 1.1 %
BorgWarner (NYSE:BWA – Get Rating) last released its earnings results on Thursday, October 27th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.02 by $0.22. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.99 billion. BorgWarner had a net margin of 5.33% and a return on equity of 14.51%. BorgWarner’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.37 EPS for the current year.
BorgWarner Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.62%. BorgWarner’s dividend payout ratio (DPR) is presently 19.71%.
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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