BorgWarner Inc. (NYSE:BWA) Stake Decreased by Psagot Investment House Ltd.

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%.

WARNING: This piece was reported by Sundance Herald and is the sole property of of Sundance Herald. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://sundanceherald.com/2019/05/22/psagot-investment-house-ltd-decreases-holdings-in-borgwarner-inc-bwa.html.

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.

Featured Story: What is diluted earnings per share (Diluted EPS)?

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.



Leave a Reply