Pacer Advisors Inc. Raises Holdings in BorgWarner Inc. (BWA)
Pacer Advisors Inc. boosted its position in BorgWarner Inc. (NYSE:BWA) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,433 shares of the auto parts company’s stock after buying an additional 341 shares during the quarter. Pacer Advisors Inc.’s holdings in BorgWarner were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of BWA. Van ECK Associates Corp lifted its position in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 171 shares during the last quarter. CENTRAL TRUST Co lifted its position in BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after purchasing an additional 135 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 354 shares during the last quarter. Exane Derivatives bought a new stake in BorgWarner in the second quarter valued at approximately $135,000. Finally, Global X Management Co. LLC lifted its position in BorgWarner by 29.9% in the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 851 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.
In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the sale, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total value of $501,539.76. Following the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
BorgWarner Inc. (BWA) opened at 48.76 on Monday. The firm has a 50-day moving average price of $45.87 and a 200-day moving average price of $43.06. The company has a market cap of $10.29 billion, a P/E ratio of 54.36 and a beta of 1.73. BorgWarner Inc. has a 12-month low of $33.09 and a 12-month high of $49.00.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business earned $0.84 EPS. BorgWarner’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that BorgWarner Inc. will post $3.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 30th. BorgWarner’s payout ratio is currently 62.92%.
Several brokerages have weighed in on BWA. Barclays PLC set a $46.00 price objective on BorgWarner and gave the company a “hold” rating in a research report on Sunday, August 6th. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Deutsche Bank AG boosted their price objective on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. BMO Capital Markets reiterated an “outperform” rating on shares of BorgWarner in a research report on Tuesday, September 12th. Finally, BidaskClub downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.
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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