Psagot Investment House Ltd. Acquires New Holdings in BorgWarner Inc. (BWA)
Psagot Investment House Ltd. acquired a new position in BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,350 shares of the auto parts company’s stock, valued at approximately $428,000.
Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock worth $188,000 after acquiring an additional 341 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in BorgWarner during the 3rd quarter worth approximately $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in BorgWarner during the 3rd quarter worth approximately $202,000. Rothschild Investment Corp IL acquired a new stake in BorgWarner during the 3rd quarter worth approximately $205,000. Finally, Obermeyer Wood Investment Counsel Lllp lifted its holdings in BorgWarner by 2.5% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.
Shares of BorgWarner Inc. (NYSE BWA) opened at $53.05 on Thursday. BorgWarner Inc. has a fifty-two week low of $37.54 and a fifty-two week high of $55.86. The firm has a market cap of $11,465.40, a price-to-earnings ratio of 14.82, a PEG ratio of 1.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10.
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 Zacks’ consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. sell-side analysts anticipate that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. BorgWarner’s dividend payout ratio (DPR) is 49.28%.
A number of research firms have issued reports on BWA. Deutsche Bank lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, September 14th. BMO Capital Markets increased their target price on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Buckingham Research increased their target price on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Barclays set a $50.00 target price on shares of BorgWarner and gave the stock a “hold” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. BorgWarner currently has an average rating of “Hold” and an average target price of $49.67.
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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