Gamco Investors INC. ET AL Lowers Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Gamco Investors INC. ET AL lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,000 shares of the auto parts company’s stock after selling 400 shares during the period. Gamco Investors INC. ET AL owned 0.16% of BorgWarner worth $12,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in shares of BorgWarner during the 4th quarter valued at $30,000. Riverview Trust Co bought a new position in BorgWarner in the 1st quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 1,093 shares during the last quarter. Quest Partners LLC purchased a new position in shares of BorgWarner during the fourth quarter worth about $40,000. Finally, Mather Group LLC. bought a new position in shares of BorgWarner in the first quarter worth approximately $44,000. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BWA shares. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on BorgWarner from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Bank of America dropped their price target on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Citigroup reduced their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Oppenheimer raised their price objective on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.29.

BorgWarner Stock Up 2.0 %

Shares of BWA stock traded up $0.63 during midday trading on Friday, reaching $32.81. 2,159,756 shares of the stock were exchanged, compared to its average volume of 2,437,373. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $46.77. The firm has a market cap of $7.48 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.74 and a beta of 1.22. The company’s 50 day moving average is $33.59 and its two-hundred day moving average is $33.47.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. On average, equities research analysts predict that BorgWarner Inc. will post 4.01 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, September 3rd. BorgWarner’s dividend payout ratio is 16.67%.

BorgWarner declared that its board has authorized a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.