Teachers Advisors LLC boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,650 shares of the company’s stock after buying an additional 6,725 shares during the period. Teachers Advisors LLC owned about 0.12% of BorgWarner worth $9,275,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Mizuho Asset Management Co. Ltd. increased its stake in shares of BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock valued at $105,000 after buying an additional 1,837 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock valued at $119,000 after buying an additional 271 shares during the last quarter. Seven Eight Capital LLC purchased a new stake in shares of BorgWarner during the second quarter valued at $121,000. JFS Wealth Advisors LLC purchased a new stake in shares of BorgWarner during the second quarter valued at $130,000. Finally, Advisor Group Inc. purchased a new stake in shares of BorgWarner during the second quarter valued at $193,000. 86.17% of the stock is currently owned by institutional investors and hedge funds.
BorgWarner Inc. (NYSE:BWA) traded down 3.24% during trading on Wednesday, hitting $39.45. 1,816,491 shares of the stock were exchanged. The firm has a market cap of $8.40 billion, a PE ratio of 16.06 and a beta of 1.71. The stock’s 50-day moving average price is $39.10 and its 200-day moving average price is $35.11. BorgWarner Inc. has a 12-month low of $27.52 and a 12-month high of $41.98.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. BorgWarner had a net margin of 6.01% and a return on equity of 18.50%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company earned $0.73 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts expect that BorgWarner Inc. will post $3.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, November 29th. This is a boost from BorgWarner’s previous quarterly dividend of $0.13. BorgWarner’s dividend payout ratio (DPR) is 22.76%.
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A number of analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of BorgWarner in a report on Tuesday, December 20th. They set an “outperform” rating and a $50.00 price objective on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $35.00 in a report on Thursday, October 6th. Evercore ISI downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $38.00 to $42.00 in a report on Wednesday, January 4th. They noted that the move was a valuation call. Jefferies Group assumed coverage on shares of BorgWarner in a report on Wednesday, November 30th. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Bank of America Corporation downgraded shares of BorgWarner from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $39.00 to $29.00 in a report on Wednesday, November 9th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.47.
BorgWarner Company Profile
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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