BorgWarner Inc. (BWA) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 549,459 shares of the auto parts company’s stock after acquiring an additional 31,396 shares during the period. Parametric Portfolio Associates LLC owned about 0.26% of BorgWarner worth $28,149,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in BorgWarner by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after buying an additional 341 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in BorgWarner in the 3rd quarter valued at $201,000. Dorsey & Whitney Trust CO LLC bought a new position in BorgWarner in the 3rd quarter valued at $202,000. Rothschild Investment Corp IL bought a new position in BorgWarner in the 3rd quarter valued at $205,000. Finally, Reliance Trust Co. of Delaware bought a new position in BorgWarner in the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 95.15% of the company’s stock.
In related news, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the sale, the vice president now owns 16,197 shares of the company’s stock, valued at approximately $847,912.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the sale, the executive vice president now directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
BWA has been the topic of a number of recent research reports. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Deutsche Bank downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a research note on Thursday, October 12th. Barclays set a $50.00 price target on BorgWarner and gave the company a “hold” rating in a research note on Friday, October 20th. Jefferies Group reissued a “buy” rating and issued a $56.00 price target on shares of BorgWarner in a research note on Tuesday, August 29th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $61.00 price target on shares of BorgWarner in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.12.
Shares of BorgWarner Inc. (BWA) opened at $51.71 on Friday. The company has a market capitalization of $10,840.00, a price-to-earnings ratio of 37.47, a P/E/G ratio of 1.58 and a beta of 1.75. BorgWarner Inc. has a 12 month low of $37.54 and a 12 month high of $55.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. analysts expect that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s dividend payout ratio (DPR) is presently 49.28%.
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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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