BorgWarner Inc. (BWA) Stake Boosted by Trillium Asset Management LLC
Trillium Asset Management LLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,066 shares of the company’s stock after buying an additional 5,291 shares during the period. Trillium Asset Management LLC’s holdings in BorgWarner were worth $8,356,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Bank increased its position in shares of BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock worth $120,000 after buying an additional 54 shares in the last quarter. Aviva PLC increased its position in shares of BorgWarner by 0.3% in the first quarter. Aviva PLC now owns 113,881 shares of the company’s stock worth $4,373,000 after buying an additional 372 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of BorgWarner by 6.7% in the second quarter. Shinko Asset Management Co. Ltd. now owns 10,321 shares of the company’s stock worth $305,000 after buying an additional 651 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of BorgWarner by 3.6% in the second quarter. Essex Investment Management Co. LLC now owns 28,453 shares of the company’s stock worth $840,000 after buying an additional 1,000 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its position in shares of BorgWarner by 2.2% in the first quarter. First Republic Investment Management Inc. now owns 54,427 shares of the company’s stock worth $2,090,000 after buying an additional 1,160 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.
BorgWarner Inc. (NYSE:BWA) traded up 3.57% during midday trading on Wednesday, hitting $36.30. 2,748,983 shares of the company traded hands. The stock has a market cap of $7.78 billion, a P/E ratio of 13.13 and a beta of 1.93. BorgWarner Inc. has a 12-month low of $27.52 and a 12-month high of $48.64. The stock has a 50 day moving average of $34.64 and a 200 day moving average of $34.15.
BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. BorgWarner had a return on equity of 18.50% and a net margin of 7.10%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts predict that BorgWarner Inc. will post $3.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, August 30th. BorgWarner’s dividend payout ratio (DPR) is presently 18.77%.
BWA has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on shares of BorgWarner in a report on Tuesday, August 9th. They set a “neutral” rating on the stock. Buckingham Research initiated coverage on shares of BorgWarner in a report on Tuesday, August 2nd. They set a “neutral” rating and a $33.00 price objective on the stock. Zacks Investment Research raised shares of BorgWarner from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Bank of America Corp. cut shares of BorgWarner from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Finally, Robert W. Baird reissued an “outperform” rating and set a $46.00 price objective on shares of BorgWarner in a report on Wednesday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. BorgWarner presently has a consensus rating of “Hold” and an average price target of $42.71.
In other BorgWarner news, VP Thomas J. Mcgill sold 5,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $31.83, for a total value of $159,150.00. Following the sale, the vice president now directly owns 31,061 shares of the company’s stock, valued at $988,671.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brady D. Ericson sold 16,240 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $33.77, for a total value of $548,424.80. Following the completion of the sale, the vice president now directly owns 70,156 shares in the company, valued at $2,369,168.12. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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