Invictus RG Buys New Stake in BorgWarner Inc. (BWA)

Invictus RG acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,269 shares of the auto parts company’s stock, valued at approximately $321,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in BorgWarner by 1.5% during the second quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock worth $867,128,000 after purchasing an additional 308,140 shares during the period. Boston Partners lifted its holdings in BorgWarner by 7.2% during the third quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock worth $593,672,000 after acquiring an additional 777,782 shares during the period. Victory Capital Management Inc. lifted its holdings in BorgWarner by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock worth $200,044,000 after acquiring an additional 50,161 shares during the period. Kiltearn Partners LLP increased its position in BorgWarner by 0.9% in the second quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock worth $133,538,000 after buying an additional 28,300 shares during the last quarter. Finally, Black Creek Investment Management Inc. increased its position in BorgWarner by 32.5% in the second quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock worth $112,858,000 after buying an additional 653,574 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Several brokerages have recently weighed in on BWA. Oppenheimer began coverage on BorgWarner in a research report on Thursday. They issued an “outperform” rating and a $63.00 price target for the company. BMO Capital Markets boosted their target price on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Citigroup boosted their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Barclays set a $50.00 price target on BorgWarner and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Buckingham Research lifted their price target on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.67.

Shares of BorgWarner Inc. (NYSE:BWA) opened at $53.05 on Thursday. BorgWarner Inc. has a 52 week low of $37.54 and a 52 week high of $55.86. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $11,465.40, a PE ratio of 14.82, a PEG ratio of 1.58 and a beta of 1.76.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $0.78 EPS. BorgWarner’s revenue for the quarter was up 9.1% on a year-over-year basis. analysts expect that BorgWarner Inc. will post 3.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.17 per share. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. BorgWarner’s dividend payout ratio is presently 49.28%.

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BorgWarner 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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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