Sei Investments Co. Raises Position in BorgWarner Inc. (BWA)
Sei Investments Co. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,341 shares of the auto parts company’s stock after buying an additional 64 shares during the period. Sei Investments Co.’s holdings in BorgWarner were worth $6,410,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in BorgWarner by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 282,229 shares of the auto parts company’s stock valued at $11,131,000 after buying an additional 18,579 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in BorgWarner by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 172,351 shares of the auto parts company’s stock valued at $7,203,000 after buying an additional 4,053 shares during the period. Creative Planning raised its stake in BorgWarner by 133.9% in the first quarter. Creative Planning now owns 15,316 shares of the auto parts company’s stock valued at $640,000 after buying an additional 8,769 shares during the period. Gulf International Bank UK Ltd raised its stake in BorgWarner by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 67,346 shares of the auto parts company’s stock valued at $2,814,000 after buying an additional 1,300 shares during the period. Finally, Bank of Montreal Can raised its stake in BorgWarner by 56.5% in the first quarter. Bank of Montreal Can now owns 91,410 shares of the auto parts company’s stock valued at $3,820,000 after buying an additional 33,006 shares during the period. 92.35% of the stock is currently owned by institutional investors.
BorgWarner Inc. (NYSE BWA) opened at 45.25 on Wednesday. The stock has a market capitalization of $9.55 billion, a P/E ratio of 50.45 and a beta of 1.73. The company’s 50-day moving average price is $45.14 and its 200 day moving average price is $42.38. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $48.03.
BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. On average, equities research analysts anticipate that BorgWarner Inc. will post $3.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, August 30th. BorgWarner’s payout ratio is 62.92%.
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BWA has been the topic of several research reports. Deutsche Bank AG upped their target price on BorgWarner from $51.00 to $54.00 and gave the company a “buy” rating in a report on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $48.00) on shares of BorgWarner in a report on Saturday, April 29th. TheStreet raised BorgWarner from a “c+” rating to a “b” rating in a report on Monday, May 1st. BMO Capital Markets upped their target price on BorgWarner from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Finally, Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. BorgWarner currently has an average rating of “Hold” and a consensus price target of $42.67.
In related news, Director Dennis C. Cuneo sold 1,000 shares of BorgWarner 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 transaction, the director now directly owns 13,398 shares in the company, valued at approximately $590,315.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.
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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