Montag A & Associates Inc. raised its holdings in BorgWarner Inc. (NYSE:BWA) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,446 shares of the auto parts company’s stock after purchasing an additional 13,316 shares during the period. Montag A & Associates Inc.’s holdings in BorgWarner were worth $5,146,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of BWA. CENTRAL TRUST Co grew its stake in BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after acquiring an additional 135 shares in the last quarter. Exane Derivatives bought a new stake in shares of BorgWarner in the 2nd quarter worth approximately $135,000. Pacer Advisors Inc. lifted its holdings in shares of BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 341 shares during the last quarter. Rothschild Investment Corp IL bought a new stake in shares of BorgWarner in the 3rd quarter worth approximately $205,000. Finally, Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of 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 worth $208,000 after acquiring an additional 121 shares during the last quarter. 92.75% of the stock is owned by institutional investors.
BorgWarner Inc. (BWA) traded up $0.05 during trading hours on Tuesday, hitting $52.08. 453,205 shares of the stock were exchanged, compared to its average volume of 1,838,778. The stock has a market cap of $10,970.00, a P/E ratio of 14.19, a PEG ratio of 1.51 and a beta of 1.75. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. BorgWarner Inc. has a 12-month low of $33.81 and a 12-month high of $53.84.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. analysts expect that BorgWarner Inc. will post 3.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner’s dividend payout ratio is currently 40.58%.
In other news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the sale, 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. 0.66% of the stock is owned by corporate insiders.
A number of research firms recently commented on BWA. Deutsche Bank AG lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, September 14th. BMO Capital Markets upped their price target on shares of BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Buckingham Research upped their price target on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Barclays PLC set a $50.00 price target on shares of BorgWarner and gave the company a “hold” rating in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.72.
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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