Allianz Asset Management GmbH Takes Position in BorgWarner Inc. (BWA)

Allianz Asset Management GmbH bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 131,127 shares of the auto parts company’s stock, valued at approximately $6,718,000. Allianz Asset Management GmbH owned about 0.06% of BorgWarner as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delta Lloyd Asset Management N.V. acquired a new stake in BorgWarner during the 2nd quarter worth $1,063,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in BorgWarner by 19.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,017 shares of the auto parts company’s stock worth $2,288,000 after purchasing an additional 8,844 shares during the last quarter. Kiltearn Partners LLP boosted its stake in BorgWarner by 0.9% during the 2nd quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock worth $133,538,000 after purchasing an additional 28,300 shares during the last quarter. Toronto Dominion Bank boosted its stake in BorgWarner by 24.9% during the 2nd quarter. Toronto Dominion Bank now owns 68,094 shares of the auto parts company’s stock worth $2,884,000 after purchasing an additional 13,593 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in BorgWarner by 117.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 80,020 shares of the auto parts company’s stock worth $3,390,000 after purchasing an additional 43,291 shares during the last quarter. 95.15% of the stock is currently owned by institutional investors.

BorgWarner Inc. (NYSE:BWA) opened at $52.19 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market cap of $10,864.51, a PE ratio of 14.04, a PEG ratio of 1.56 and a beta of 1.76. BorgWarner Inc. has a 1 year low of $37.54 and a 1 year high of $55.86.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. BorgWarner’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 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.17 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s dividend payout ratio is presently 49.28%.

Several equities research analysts have issued reports on the stock. Deutsche Bank cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research note on Thursday, October 12th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Thursday, September 14th. BMO Capital Markets lifted their target price on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Buckingham Research lifted their target price on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Barclays set a $50.00 target price on shares of BorgWarner and gave the stock a “hold” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.67.

WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/12/19/allianz-asset-management-gmbh-takes-position-in-borgwarner-inc-bwa.html.

BorgWarner Company Profile

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.

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA).

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply