BorgWarner Inc. (BWA) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA grew its holdings in BorgWarner Inc. (NYSE:BWA) by 270.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,816 shares of the auto parts company’s stock after purchasing an additional 9,359 shares during the period. Federated Investors Inc. PA’s holdings in BorgWarner were worth $543,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. CENTRAL TRUST Co grew its holdings in shares of BorgWarner by 5.3% in the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock worth $114,000 after acquiring an additional 135 shares during the period. Van ECK Associates Corp grew its holdings in shares of BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 171 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 354 shares during the period. Exane Derivatives bought a new stake in shares of BorgWarner in the second quarter worth $135,000. Finally, Global X Management Co. LLC grew its holdings in shares of 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 worth $154,000 after acquiring an additional 851 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on BWA shares. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Morgan Stanley cut their price objective on BorgWarner from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 9th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of BorgWarner in a report on Tuesday, July 4th. Finally, CLSA started coverage on BorgWarner in a report on Thursday, June 22nd. They issued a “hold” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. BorgWarner has a consensus rating of “Hold” and a consensus target price of $44.00.
In other news, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the sale, the insider now directly owns 23,418 shares in the company, valued at approximately $1,062,708.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the sale, the executive vice president now owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.
BorgWarner Inc. (BWA) opened at 49.46 on Thursday. BorgWarner Inc. has a 12 month low of $33.09 and a 12 month high of $49.52. The stock has a market capitalization of $10.44 billion, a P/E ratio of 55.14 and a beta of 1.73. The stock has a 50 day moving average price of $46.01 and a 200 day moving average price of $43.15.
BorgWarner (NYSE:BWA) last posted its 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. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts predict that BorgWarner Inc. will post $3.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, August 30th. BorgWarner’s dividend payout ratio (DPR) is presently 62.92%.
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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