Daiwa Securities Group Inc. Raises Holdings in BorgWarner Inc. (NYSE:BWA)

Daiwa Securities Group Inc. boosted its stake in shares of BorgWarner Inc. (NYSE:BWAGet Rating) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,854 shares of the auto parts company’s stock after acquiring an additional 323 shares during the quarter. Daiwa Securities Group Inc.’s holdings in BorgWarner were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its holdings in BorgWarner by 6.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,231 shares of the auto parts company’s stock valued at $140,000 after acquiring an additional 260 shares during the period. Colonial Trust Advisors raised its position in BorgWarner by 0.5% during the 2nd quarter. Colonial Trust Advisors now owns 51,793 shares of the auto parts company’s stock valued at $1,728,000 after purchasing an additional 260 shares during the last quarter. First Pacific Financial raised its position in BorgWarner by 3.3% during the 2nd quarter. First Pacific Financial now owns 9,371 shares of the auto parts company’s stock valued at $313,000 after purchasing an additional 297 shares during the last quarter. Empirical Finance LLC raised its position in BorgWarner by 2.2% during the 2nd quarter. Empirical Finance LLC now owns 15,093 shares of the auto parts company’s stock valued at $504,000 after purchasing an additional 329 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in BorgWarner by 5.6% during the 1st quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock valued at $246,000 after purchasing an additional 335 shares during the last quarter. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

BorgWarner stock opened at $44.52 on Wednesday. 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 P/E ratio of 12.90, a PEG ratio of 0.50 and a beta of 1.43. The stock’s 50 day moving average is $41.89 and its 200 day moving average is $38.48. BorgWarner Inc. has a twelve month low of $31.14 and a twelve month high of $45.70.

BorgWarner (NYSE:BWAGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.22. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.99 billion. BorgWarner had a return on equity of 14.51% and a net margin of 5.33%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 4.37 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. BorgWarner’s payout ratio is currently 19.71%.

Insider Buying and Selling

In related 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 value of $255,100.30. Following the sale, the chief accounting officer now owns 40,380 shares in the company, valued at approximately $1,633,774.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 19th. BNP Paribas raised BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, December 7th. TheStreet raised BorgWarner from a “c+” rating to a “b” rating in a research report on Tuesday, November 15th. Citigroup upped their price target on BorgWarner from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Finally, Wells Fargo & Company increased their target price on BorgWarner from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Seven 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

About BorgWarner

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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.

Further Reading

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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