Psagot Investment House Ltd. lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 14.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,980 shares of the auto parts company’s stock after selling 3,140 shares during the quarter. Psagot Investment House Ltd.’s holdings in BorgWarner were worth $729,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BWA. Oregon Public Employees Retirement Fund grew its stake in BorgWarner by 3,261.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,895,153 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 3,779,264 shares in the last quarter. Norges Bank purchased a new stake in BorgWarner during the 4th quarter worth about $74,908,000. JPMorgan Chase & Co. lifted its holdings in BorgWarner by 33.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock worth $283,875,000 after buying an additional 1,661,618 shares during the last quarter. Harris Associates L P lifted its holdings in BorgWarner by 29.8% during the 4th quarter. Harris Associates L P now owns 6,663,643 shares of the auto parts company’s stock worth $231,495,000 after buying an additional 1,530,716 shares during the last quarter. Finally, FMR LLC lifted its holdings in BorgWarner by 133.6% during the 4th quarter. FMR LLC now owns 2,625,297 shares of the auto parts company’s stock worth $91,202,000 after buying an additional 1,501,562 shares during the last quarter. Institutional investors own 91.50% of the company’s stock.
In other BorgWarner news, EVP Tonit M. Calaway sold 12,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $41.93, for a total transaction of $503,160.00. Following the transaction, the executive vice president now owns 28,066 shares of the company’s stock, valued at approximately $1,176,807.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas T. Stallkamp sold 3,124 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total value of $131,208.00. Following the transaction, the director now directly owns 4,033 shares in the company, valued at approximately $169,386. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,524 shares of company stock worth $967,536. 0.75% of the stock is owned by insiders.
A number of analysts have issued reports on BWA shares. TheStreet raised BorgWarner from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Morgan Stanley set a $53.00 target price on BorgWarner and gave the company a “buy” rating in a report on Tuesday, January 29th. Seaport Global Securities initiated coverage on BorgWarner in a report on Wednesday, February 13th. They issued a “neutral” rating for the company. Bank of America reissued a “neutral” rating and issued a $46.00 target price (up from $42.00) on shares of BorgWarner in a report on Tuesday, April 23rd. Finally, Zacks Investment Research downgraded BorgWarner from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.75.
Shares of BWA traded down $1.50 on Wednesday, reaching $35.31. The stock had a trading volume of 1,446,631 shares, compared to its average volume of 1,657,302. The stock has a market cap of $7.63 billion, a P/E ratio of 7.88, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.62 and a quick ratio of 1.27. BorgWarner Inc. has a twelve month low of $32.46 and a twelve month high of $52.56.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.47 billion. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Research analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, May 31st. BorgWarner’s dividend payout ratio (DPR) is presently 15.18%.
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BorgWarner Company Profile
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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