Teachers Advisors LLC boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 295,053 shares of the auto parts company’s stock after buying an additional 12,824 shares during the period. Teachers Advisors LLC owned approximately 0.14% of BorgWarner worth $12,330,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. First Bank & Trust increased its position in shares of BorgWarner by 0.3% in the first quarter. First Bank & Trust now owns 4,126 shares of the auto parts company’s stock worth $173,000 after buying an additional 12 shares in the last quarter. Atria Investments LLC increased its position in shares of BorgWarner by 0.8% in the first quarter. Atria Investments LLC now owns 5,456 shares of the auto parts company’s stock worth $228,000 after buying an additional 43 shares in the last quarter. HighPoint Advisor Group LLC increased its position in shares of BorgWarner by 0.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 18,816 shares of the auto parts company’s stock worth $809,000 after buying an additional 48 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BorgWarner by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,846 shares of the auto parts company’s stock worth $788,000 after buying an additional 77 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of BorgWarner by 3.1% in the first quarter. Pacer Advisors Inc. now owns 4,092 shares of the auto parts company’s stock worth $171,000 after buying an additional 123 shares in the last quarter. 92.35% of the stock is owned by institutional investors.
BorgWarner Inc. (NYSE BWA) traded up 0.24% during mid-day trading on Wednesday, reaching $45.36. 937,129 shares of the company’s stock traded hands. BorgWarner Inc. has a 52 week low of $33.09 and a 52 week high of $48.03. The stock’s 50 day moving average is $45.14 and its 200-day moving average is $42.38. The stock has a market capitalization of $9.57 billion, a PE ratio of 50.57 and a beta of 1.73.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, equities analysts anticipate that BorgWarner Inc. will post $3.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.56 annualized dividend and a yield of 1.23%. BorgWarner’s dividend payout ratio is currently 62.92%.
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Several equities research analysts recently issued reports on BWA shares. BMO Capital Markets reiterated an “outperform” rating and issued a $55.00 price target (up from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Barclays PLC set a $46.00 price objective on shares of BorgWarner and gave the company a “hold” rating in a research report on Sunday, August 6th. Deutsche Bank AG raised their price objective on shares of BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 price target on shares of BorgWarner in a report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. BorgWarner currently has a consensus rating of “Hold” and a consensus price target of $42.67.
In related news, Director Dennis C. Cuneo sold 1,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the completion of the transaction, the director now owns 13,398 shares in the company, valued at approximately $590,315.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.
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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