Mn Services Vermogensbeheer B.V. Buys 28,858 Shares of BorgWarner Inc. (BWA)
Mn Services Vermogensbeheer B.V. raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 514.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,466 shares of the auto parts company’s stock after buying an additional 28,858 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in BorgWarner were worth $1,460,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in BorgWarner during the first quarter worth about $105,000. Van ECK Associates Corp boosted its stake in shares of BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after buying an additional 171 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after buying an additional 354 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock valued at $132,000 after buying an additional 189 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of BorgWarner by 29.9% in the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock valued at $154,000 after buying an additional 851 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.
Shares of BorgWarner Inc. (NYSE:BWA) traded down 0.61% on Friday, reaching $44.34. The company had a trading volume of 1,933,913 shares. The company has a 50 day moving average of $45.45 and a 200-day moving average of $42.44. BorgWarner Inc. has a 52 week low of $33.09 and a 52 week high of $48.03. The company has a market capitalization of $9.36 billion, a P/E ratio of 49.43 and a beta of 1.73.
BorgWarner (NYSE:BWA) last announced its quarterly 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 company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. BorgWarner’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Analysts predict that BorgWarner Inc. will post $3.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, August 30th. BorgWarner’s dividend payout ratio (DPR) is 62.92%.
Several brokerages have weighed in on BWA. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, May 31st. Deutsche Bank AG upped their target price on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. CLSA began coverage on BorgWarner in a report on Thursday, June 22nd. They issued a “hold” rating and a $45.00 target price for the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 target price on shares of BorgWarner in a report on Wednesday, July 12th. Finally, BidaskClub cut BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.67.
In other BorgWarner news, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares of the company’s stock, valued at approximately $1,062,708.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis C. Cuneo sold 1,000 shares of BorgWarner stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total value of $44,060.00. Following the sale, the director now directly owns 13,398 shares of the company’s stock, valued at $590,315.88. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.
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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