Robeco Institutional Asset Management B.V. raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 184.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,078 shares of the auto parts company’s stock after buying an additional 24,670 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in BorgWarner were worth $1,953,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in shares of BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after buying an additional 135 shares during the last quarter. Exane Derivatives acquired a new position in shares of BorgWarner during the second quarter worth approximately $135,000. Pacer Advisors Inc. lifted its holdings in shares of BorgWarner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after buying an additional 341 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of BorgWarner by 2.5% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock worth $208,000 after buying an additional 121 shares during the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in shares of BorgWarner during the second quarter worth approximately $218,000. Institutional investors own 92.39% of the company’s stock.
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In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the transaction, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
Shares of BorgWarner Inc. (NYSE:BWA) opened at 52.72 on Wednesday. BorgWarner Inc. has a 12 month low of $33.09 and a 12 month high of $53.84. The firm has a 50-day moving average price of $51.10 and a 200-day moving average price of $45.45. The company has a market capitalization of $11.13 billion, a PE ratio of 58.77 and a beta of 1.76.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. On average, equities research analysts predict that BorgWarner Inc. will post $3.80 EPS for the current year.
A number of research analysts have recently commented on BWA shares. Jefferies Group LLC reiterated a “buy” rating and set a $48.00 price target on shares of BorgWarner in a report on Tuesday, July 4th. Zacks Investment Research lowered BorgWarner from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded BorgWarner from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $44.00 price target on shares of BorgWarner in a report on Wednesday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $55.00 price target (up from $50.00) on shares of BorgWarner in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. BorgWarner has an average rating of “Hold” and a consensus target price 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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