Nomura Asset Management Co. Ltd. boosted its stake in BorgWarner Inc. (NYSE:BWA) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,182 shares of the auto parts company’s stock after acquiring an additional 1,538 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in BorgWarner were worth $1,751,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of BorgWarner by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after buying an additional 341 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at $201,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at $202,000. Rothschild Investment Corp IL bought a new stake in shares of BorgWarner during the 3rd quarter valued at $205,000. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of BorgWarner during the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

BWA has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and set a $56.00 target price on shares of BorgWarner in a report on Tuesday, August 29th. KeyCorp boosted their target price on shares of BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 13th. ValuEngine cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Citigroup boosted their target price on shares of BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. BorgWarner presently has an average rating of “Hold” and an average price target of $49.67.

BorgWarner Inc. (NYSE BWA) opened at $52.32 on Thursday. The stock has a market cap of $11,253.50, a PE ratio of 14.54, a P/E/G ratio of 1.62 and a beta of 1.76. BorgWarner Inc. has a one year low of $37.54 and a one year high of $55.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. BorgWarner’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. analysts expect that BorgWarner Inc. will post 3.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s payout ratio is presently 49.28%.

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BorgWarner Company Profile

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.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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