AlphaCrest Capital Management LLC Grows Stake in BorgWarner Inc. (NYSE:BWA)

AlphaCrest Capital Management LLC boosted its position in shares of BorgWarner Inc. (NYSE:BWAGet Rating) by 158.7% during the second quarter, Holdings Channel reports. The firm owned 56,139 shares of the auto parts company’s stock after buying an additional 34,436 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in BorgWarner were worth $1,873,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC boosted its position in shares of BorgWarner by 7,755.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 707 shares of the auto parts company’s stock worth $28,000 after buying an additional 698 shares in the last quarter. CX Institutional acquired a new position in BorgWarner during the second quarter worth about $31,000. Wolff Wiese Magana LLC acquired a new position in BorgWarner during the second quarter worth about $33,000. CVA Family Office LLC purchased a new stake in shares of BorgWarner in the second quarter valued at about $44,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

BorgWarner Trading Down 1.1 %

NYSE BWA opened at $42.01 on Thursday. The company has a market cap of $9.84 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.34 and a beta of 1.43. BorgWarner Inc. has a 12 month low of $31.14 and a 12 month high of $50.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.72 and a quick ratio of 1.28. The company has a 50-day moving average of $36.45 and a 200-day moving average of $36.91.

BorgWarner (NYSE:BWAGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The auto parts company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.02 by $0.22. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.99 billion. BorgWarner had a net margin of 5.33% and a return on equity of 14.51%. BorgWarner’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. As a group, equities analysts predict that BorgWarner Inc. will post 4.37 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.62%. BorgWarner’s dividend payout ratio (DPR) is 19.71%.

Analysts Set New Price Targets

BWA has been the topic of a number of recent research reports. Robert W. Baird upped their target price on BorgWarner from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. StockNews.com raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 28th. Citigroup boosted their target price on shares of BorgWarner from $37.00 to $44.00 in a research note on Wednesday. Bank of America decreased their price target on shares of BorgWarner from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. Finally, TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b” rating in a report on Tuesday, November 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BorgWarner has a consensus rating of “Hold” and an average target price of $48.00.

BorgWarner Company Profile

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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