Russell Investments Group Ltd. decreased its position in BorgWarner Inc. (NYSE:BWA) by 20.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 68,689 shares of the auto parts company’s stock after selling 17,211 shares during the period. Russell Investments Group Ltd.’s holdings in BorgWarner were worth $3,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWA. Vanguard Group Inc. raised its stake in shares of BorgWarner by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock worth $867,128,000 after purchasing an additional 308,140 shares in the last quarter. Boston Partners raised its stake in shares of BorgWarner by 7.2% during the 3rd quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock worth $593,672,000 after purchasing an additional 777,782 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of BorgWarner by 1.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock worth $200,044,000 after purchasing an additional 50,161 shares in the last quarter. Kiltearn Partners LLP raised its stake in shares of BorgWarner by 0.9% during the 2nd quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock worth $133,538,000 after purchasing an additional 28,300 shares in the last quarter. Finally, Black Creek Investment Management Inc. raised its stake in shares of BorgWarner by 32.5% during the 2nd quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock worth $112,858,000 after purchasing an additional 653,574 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

BorgWarner Inc. (NYSE BWA) opened at $51.53 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The firm has a market capitalization of $10,864.53, a P/E ratio of 14.04, a P/E/G ratio of 1.56 and a beta of 1.76. BorgWarner Inc. has a 1-year low of $37.54 and a 1-year high of $55.86.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 30th. BorgWarner’s dividend payout ratio is currently 49.28%.

A number of brokerages have recently issued reports on BWA. Oppenheimer began coverage on BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 price objective on the stock. BMO Capital Markets upped their price objective on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Citigroup upped their price objective on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Barclays set a $50.00 price objective on BorgWarner and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Buckingham Research upped their price objective on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. BorgWarner has an average rating of “Hold” and an average price target of $49.67.

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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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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