CSM Advisors LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,278 shares of the auto parts company’s stock after selling 1,635 shares during the quarter. CSM Advisors LLC’s holdings in BorgWarner were worth $8,084,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of BWA. Morgan Stanley grew its holdings in BorgWarner by 21.7% during the 2nd quarter. Morgan Stanley now owns 1,199,139 shares of the auto parts company’s stock worth $58,206,000 after acquiring an additional 214,073 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of BorgWarner by 106.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 40,334 shares of the auto parts company’s stock worth $1,743,000 after acquiring an additional 20,768 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BorgWarner by 95.8% during the third quarter. Van ECK Associates Corp now owns 877 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 429 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of BorgWarner by 8.8% during the third quarter. Advisor Group Holdings Inc. now owns 50,762 shares of the auto parts company’s stock worth $2,194,000 after acquiring an additional 4,123 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of BorgWarner by 6.2% during the third quarter. Daiwa Securities Group Inc. now owns 13,709 shares of the auto parts company’s stock worth $592,000 after acquiring an additional 801 shares during the last quarter. 90.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on BWA. Wells Fargo & Company lowered their price objective on BorgWarner from $57.00 to $52.00 in a research report on Thursday. Morgan Stanley raised their target price on BorgWarner from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Monday, February 28th. StockNews.com started coverage on BorgWarner in a research note on Thursday, March 31st. They set a “hold” rating for the company. BNP Paribas began coverage on BorgWarner in a research note on Monday, April 11th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group lowered their target price on BorgWarner from $47.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.70.
BorgWarner stock traded down $1.06 during midday trading on Thursday, hitting $37.92. 57,779 shares of the company’s stock were exchanged, compared to its average volume of 1,883,609. BorgWarner Inc. has a 52-week low of $34.85 and a 52-week high of $55.55. The stock has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $42.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.33 and a current ratio of 1.74. The company has a market cap of $9.10 billion, a P/E ratio of 17.04, a PEG ratio of 0.32 and a beta of 1.35.
BorgWarner (NYSE:BWA – Get Rating) last issued its earnings results on Wednesday, May 4th. The auto parts company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.19. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.71 billion. BorgWarner had a return on equity of 14.22% and a net margin of 3.62%. BorgWarner’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 31st. BorgWarner’s dividend payout ratio (DPR) is presently 30.36%.
About BorgWarner (Get Rating)
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.
- Get a free copy of the StockNews.com research report on BorgWarner (BWA)
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