NGAM Advisors L.P. Has $3.63 Million Position in BorgWarner Inc. (NYSE:BWA)
NGAM Advisors L.P. boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,627 shares of the auto parts company’s stock after buying an additional 428 shares during the period. NGAM Advisors L.P.’s holdings in BorgWarner were worth $3,628,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of BWA. Teachers Advisors LLC boosted its position in BorgWarner by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 282,229 shares of the auto parts company’s stock worth $11,131,000 after buying an additional 18,579 shares during the last quarter. Macquarie Group Ltd. boosted its position in BorgWarner by 56.4% in the fourth quarter. Macquarie Group Ltd. now owns 433,720 shares of the auto parts company’s stock worth $17,106,000 after buying an additional 156,413 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in BorgWarner by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 172,351 shares of the auto parts company’s stock worth $7,203,000 after buying an additional 4,053 shares during the last quarter. Creative Planning boosted its position in BorgWarner by 133.9% in the first quarter. Creative Planning now owns 15,316 shares of the auto parts company’s stock worth $640,000 after buying an additional 8,769 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in BorgWarner by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 67,346 shares of the auto parts company’s stock worth $2,814,000 after buying an additional 1,300 shares during the last quarter. 92.06% of the stock is owned by institutional investors.
Shares of BorgWarner Inc. (NYSE BWA) opened at 46.97 on Wednesday. The company’s 50-day moving average is $44.23 and its 200 day moving average is $42.07. BorgWarner Inc. has a 1-year low of $33.09 and a 1-year high of $48.03. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 52.36 and a beta of 1.73.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a net margin of 2.06% and a return on equity of 20.75%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts expect that BorgWarner Inc. will post $3.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.14 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. BorgWarner’s dividend payout ratio (DPR) is presently 62.92%.
BWA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, April 12th. Deutsche Bank AG increased their price target on shares of BorgWarner from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of BorgWarner in a research report on Saturday, April 29th. TheStreet raised shares of BorgWarner from a “c+” rating to a “b” rating in a research report on Monday, May 1st. Finally, BMO Capital Markets increased their price target on shares of BorgWarner from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. BorgWarner presently has a consensus rating of “Hold” and an average target price of $42.67.
In other BorgWarner news, Director Dennis C. Cuneo sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $44.06, for a total value of $44,060.00. Following the transaction, the director now directly owns 13,398 shares in the company, valued at $590,315.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.66% of the stock is owned by insiders.
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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