Janus Henderson Group PLC Has $3.21 Million Position in BorgWarner Inc. (BWA)
Janus Henderson Group PLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 37.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 62,635 shares of the auto parts company’s stock after acquiring an additional 17,021 shares during the period. Janus Henderson Group PLC’s holdings in BorgWarner were worth $3,209,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in BorgWarner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 341 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in BorgWarner during the third quarter worth $201,000. Dorsey & Whitney Trust CO LLC acquired a new position in BorgWarner during the third quarter worth $202,000. Rothschild Investment Corp IL acquired a new position in BorgWarner during the third quarter worth $205,000. Finally, Reliance Trust Co. of Delaware acquired a new position in BorgWarner during the third quarter worth $213,000. Institutional investors own 95.15% of the company’s stock.
BorgWarner Inc. (BWA) opened at $51.09 on Friday. 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 Inc. has a twelve month low of $37.54 and a twelve month high of $55.86. The stock has a market capitalization of $10,770.00, a PE ratio of 37.02, a P/E/G ratio of 1.57 and a beta of 1.75.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. analysts expect that BorgWarner Inc. will post 3.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s payout ratio is currently 49.28%.
In other news, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction that occurred on 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 sale, the vice president now directly owns 16,197 shares in the company, valued at approximately $847,912.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction that occurred on 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 sale, the executive vice president now owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
Several analysts have recently issued reports on BWA shares. KeyCorp increased their price objective on BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 13th. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup raised their price target on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Robert W. Baird restated a “buy” rating and issued a $55.00 price target on shares of BorgWarner in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $51.12.
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.
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