MANA Advisors LLC cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 53.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,931 shares of the auto parts company’s stock after selling 5,768 shares during the period. MANA Advisors LLC’s holdings in BorgWarner were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR lifted its stake in BorgWarner by 20.2% during the fourth quarter. Stephens Inc. AR now owns 5,994 shares of the auto parts company’s stock worth $306,000 after purchasing an additional 1,008 shares during the last quarter. Wayne Hummer Investments L.L.C. lifted its stake in BorgWarner by 16.6% during the fourth quarter. Wayne Hummer Investments L.L.C. now owns 7,342 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 1,045 shares during the last quarter. Norinchukin Bank The lifted its stake in BorgWarner by 7.3% during the fourth quarter. Norinchukin Bank The now owns 15,846 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 1,079 shares during the last quarter. New Amsterdam Partners LLC NY lifted its stake in BorgWarner by 27.0% during the first quarter. New Amsterdam Partners LLC NY now owns 5,353 shares of the auto parts company’s stock worth $269,000 after purchasing an additional 1,138 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in BorgWarner by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 40,850 shares of the auto parts company’s stock worth $2,087,000 after purchasing an additional 1,348 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

BorgWarner opened at $49.11 on Wednesday, according to MarketBeat.com. The firm has a market capitalization of $10.56 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.42 and a beta of 1.80. BorgWarner Inc. has a twelve month low of $40.00 and a twelve month high of $58.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.52 and a quick ratio of 1.19.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, April 26th. The auto parts company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.07. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.63 billion. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. BorgWarner’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. sell-side analysts anticipate that BorgWarner Inc. will post 4.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s payout ratio is currently 17.48%.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Cowen started coverage on BorgWarner in a research note on Monday, April 16th. They set an “outperform” rating and a $60.00 target price for the company. Citigroup dropped their price target on BorgWarner from $60.00 to $59.00 and set a “neutral” rating for the company in a research note on Tuesday, May 22nd. Morgan Stanley upgraded BorgWarner from an “underweight” rating to an “overweight” rating and increased their price target for the company from $37.54 to $58.22 in a research note on Thursday, March 22nd. Finally, Susquehanna Bancshares set a $63.00 price target on BorgWarner and gave the company a “buy” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.89.

BorgWarner Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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