USA Financial Portformulas Corp Sells 9,601 Shares of BorgWarner Inc. (BWA)
USA Financial Portformulas Corp cut its holdings in BorgWarner Inc. (NYSE:BWA) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,642 shares of the auto parts company’s stock after selling 9,601 shares during the period. BorgWarner comprises about 0.9% of USA Financial Portformulas Corp’s holdings, making the stock its 29th largest position. USA Financial Portformulas Corp’s holdings in BorgWarner were worth $3,875,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its holdings in BorgWarner by 5.3% in the 2nd quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after purchasing an additional 135 shares in the last quarter. Exane Derivatives purchased a new position in BorgWarner in the 2nd quarter valued at about $135,000. Pacer Advisors Inc. lifted its holdings in BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 341 shares in the last quarter. Rothschild Investment Corp IL purchased a new position in BorgWarner in the 3rd quarter valued at about $205,000. Finally, Obermeyer Wood Investment Counsel Lllp lifted its holdings in BorgWarner by 2.5% in the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
Shares of BorgWarner Inc. (BWA) traded down $0.33 on Tuesday, reaching $52.64. The company had a trading volume of 969,529 shares, compared to its average volume of 1,510,000. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $53.84. The company has a market capitalization of $11,120.00, a PE ratio of 14.43, a PEG ratio of 1.54 and a beta of 1.75. 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 (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. sell-side analysts predict that BorgWarner Inc. will post 3.82 EPS for the current year.
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A number of research firms have issued reports on BWA. Royal Bank Of Canada restated a “hold” rating and issued a $44.00 target price on shares of BorgWarner in a report on Wednesday, July 12th. BidaskClub lowered shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, September 5th. Deutsche Bank AG increased their price objective on shares of BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Barclays PLC set a $46.00 price objective on shares of BorgWarner and gave the stock a “hold” rating in a report on Sunday, August 6th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.72.
In other news, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the transaction, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
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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