Rhumbline Advisers Has $20.32 Million Stake in BorgWarner Inc. (BWA)
Rhumbline Advisers increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 396,729 shares of the auto parts company’s stock after buying an additional 5,469 shares during the quarter. Rhumbline Advisers owned about 0.19% of BorgWarner worth $20,324,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of BorgWarner by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after buying an additional 341 shares during the period. Rothschild Investment Corp IL purchased a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $205,000. Obermeyer Wood Investment Counsel Lllp raised its position in shares of BorgWarner by 2.5% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after buying an additional 121 shares during the period. Reliance Trust Co. of Delaware purchased a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $213,000. Finally, Savant Capital LLC purchased a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $213,000. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
BorgWarner Inc. (NYSE BWA) opened at $52.49 on Tuesday. The company has a market cap of $11,060.00, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner Inc. has a 12 month low of $34.44 and a 12 month high of $53.84.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. sell-side analysts forecast that BorgWarner Inc. will post 3.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.17 dividend. This is an increase from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. BorgWarner’s payout ratio is 40.58%.
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Several analysts have recently commented on BWA shares. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Deutsche Bank AG lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a research report on Thursday, October 12th. Barclays PLC set a $50.00 price target on shares of BorgWarner and gave the company a “hold” rating in a research report on Friday, October 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of BorgWarner in a research report on Tuesday, August 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $55.00 target price (up previously from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. BorgWarner has an average rating of “Hold” and a consensus price target of $47.72.
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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