Guggenheim Capital LLC Boosts Stake in BorgWarner Inc. (BWA)

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Guggenheim Capital LLC raised its stake in BorgWarner Inc. (NYSE:BWA) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 688,328 shares of the auto parts company’s stock after acquiring an additional 25,620 shares during the quarter. Guggenheim Capital LLC owned approximately 0.33% of BorgWarner worth $34,575,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mackay Shields LLC bought a new position in shares of BorgWarner in the first quarter worth about $1,676,000. Minneapolis Portfolio Management Group LLC lifted its holdings in shares of BorgWarner by 1.3% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 762,751 shares of the auto parts company’s stock worth $38,313,000 after acquiring an additional 9,805 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of BorgWarner in the fourth quarter worth about $3,133,000. Cornercap Investment Counsel Inc. lifted its holdings in shares of BorgWarner by 3.1% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 120,049 shares of the auto parts company’s stock worth $6,133,000 after acquiring an additional 3,602 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after acquiring an additional 1,823,272 shares during the last quarter. 93.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BWA opened at $45.09 on Friday. The company has a market capitalization of $9.65 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.30 and a beta of 1.80. BorgWarner Inc. has a 1 year low of $40.00 and a 1 year high of $58.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.52 and a quick ratio of 1.19.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, April 26th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.63 billion. BorgWarner had a net margin of 4.68% and a return on equity of 22.15%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. analysts forecast that BorgWarner Inc. will post 4.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.51%. BorgWarner’s payout ratio is 17.48%.

A number of research analysts have recently commented on BWA shares. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, April 3rd. ValuEngine cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Susquehanna Bancshares set a $63.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a report on Wednesday, March 14th. Morgan Stanley raised shares of BorgWarner from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $37.54 to $58.22 in a report on Thursday, March 22nd. Finally, Citigroup dropped their target price on shares of BorgWarner from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.88.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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