Nissay Asset Management Corp Japan ADV lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 22.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,101 shares of the auto parts company’s stock after purchasing an additional 4,347 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in BorgWarner were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in shares of BorgWarner during the second quarter valued at about $25,000. First Quadrant L P CA purchased a new position in shares of BorgWarner during the first quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV purchased a new position in BorgWarner in the 2nd quarter worth approximately $41,000. WASHINGTON TRUST Co purchased a new position in BorgWarner in the 1st quarter worth approximately $53,000. Finally, CSat Investment Advisory L.P. raised its holdings in BorgWarner by 20.4% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,162 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 366 shares during the last quarter. 98.09% of the stock is owned by institutional investors and hedge funds.
BWA stock opened at $36.60 on Friday. BorgWarner Inc. has a twelve month low of $17.00 and a twelve month high of $46.60. The company has a quick ratio of 1.36, a current ratio of 1.76 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.59 billion, a P/E ratio of 10.58, a PEG ratio of 2.11 and a beta of 1.74. The business’s 50-day moving average price is $35.58 and its 200-day moving average price is $31.78.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.28. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.01 billion. BorgWarner had a return on equity of 17.15% and a net margin of 7.24%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. On average, equities research analysts expect that BorgWarner Inc. will post 1.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.86%. BorgWarner’s payout ratio is 16.46%.
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of BorgWarner from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, June 19th. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating and set a $37.00 price objective for the company. in a report on Tuesday, July 7th. Morgan Stanley decreased their price objective on shares of BorgWarner from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Wolfe Research upgraded shares of BorgWarner from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Thursday, May 28th. Finally, Deutsche Bank boosted their price objective on shares of BorgWarner from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Friday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.63.
In other BorgWarner news, VP Brady D. Ericson sold 29,156 shares of BorgWarner stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $31.43, for a total transaction of $916,373.08. Following the completion of the sale, the vice president now directly owns 35,892 shares in the company, valued at approximately $1,128,085.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brady D. Ericson sold 10,279 shares of BorgWarner stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $36.65, for a total transaction of $376,725.35. Over the last 90 days, insiders have sold 83,935 shares of company stock valued at $2,888,093. Company insiders own 0.51% of the company’s stock.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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