Dupont Capital Management Corp Has $3.85 Million Stake in BorgWarner Inc. (BWA)
Dupont Capital Management Corp trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,185 shares of the auto parts company’s stock after selling 8,215 shares during the period. Dupont Capital Management Corp’s holdings in BorgWarner were worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BWA. FMR LLC raised its position in shares of BorgWarner by 66.5% in the first quarter. FMR LLC now owns 230,802 shares of the auto parts company’s stock valued at $9,645,000 after buying an additional 92,176 shares in the last quarter. Teachers Advisors LLC raised its position in BorgWarner by 4.5% during the first quarter. Teachers Advisors LLC now owns 295,053 shares of the auto parts company’s stock valued at $12,330,000 after purchasing an additional 12,824 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in BorgWarner during the first quarter valued at approximately $1,318,000. Nomura Asset Management Co. Ltd. raised its position in BorgWarner by 2.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 31,512 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 873 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in BorgWarner by 24.9% during the second quarter. Xact Kapitalforvaltning AB now owns 53,043 shares of the auto parts company’s stock valued at $2,247,000 after purchasing an additional 10,579 shares in the last quarter. Institutional investors own 92.58% of the company’s stock.
In other news, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total transaction of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares in the company, valued at $1,535,058.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the transaction, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
BWA has been the subject of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $44.00 price objective on shares of BorgWarner in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub downgraded shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $55.00 price objective (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Finally, Barclays PLC set a $46.00 price objective on shares of BorgWarner and gave the company a “hold” rating in a research report on Sunday, August 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.72.
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Shares of BorgWarner Inc. (BWA) opened at $52.97 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The company has a market cap of $11,168.12, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.75. BorgWarner Inc. has a 1 year low of $33.09 and a 1 year high of $53.84.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. equities research analysts expect that BorgWarner Inc. will post 3.82 EPS for the current fiscal year.
BorgWarner Company 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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