Barclays PLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 19.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 540,989 shares of the auto parts company’s stock after buying an additional 86,470 shares during the quarter. Barclays PLC’s holdings in BorgWarner were worth $16,985,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its position in BorgWarner by 2.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,854 shares of the auto parts company’s stock valued at $498,000 after buying an additional 323 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in BorgWarner during the 3rd quarter valued at about $1,460,000. DekaBank Deutsche Girozentrale increased its position in BorgWarner by 52.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 55,413 shares of the auto parts company’s stock valued at $1,737,000 after buying an additional 19,150 shares in the last quarter. PGGM Investments acquired a new position in BorgWarner during the 3rd quarter valued at about $1,835,000. Finally, Los Angeles Capital Management LLC acquired a new position in BorgWarner during the 3rd quarter valued at about $803,000. 91.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BWA has been the topic of several recent analyst reports. StockNews.com raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 19th. BNP Paribas upgraded BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, December 7th. TheStreet upgraded BorgWarner from a “c+” rating to a “b” rating in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $45.00 to $53.00 in a research note on Thursday, January 19th. Finally, Bank of America downgraded BorgWarner from a “buy” rating to a “neutral” rating and dropped their price target for the company from $78.00 to $50.00 in a research note on Monday, January 9th. Seven investment analysts have rated the stock with 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.
Insider Buying and Selling
BorgWarner Stock Down 0.3 %
Shares of BWA opened at $44.52 on Wednesday. BorgWarner Inc. has a 52 week low of $31.14 and a 52 week high of $45.70. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.50 and a beta of 1.43. The stock’s 50-day moving average price is $41.89 and its 200-day moving average price is $38.48.
BorgWarner (NYSE:BWA – Get Rating) last issued its earnings results 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. BorgWarner had a return on equity of 14.51% and a net margin of 5.33%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner Inc. will post 4.37 EPS for the current year.
BorgWarner Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.17 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. BorgWarner’s payout ratio is 19.71%.
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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