Penserra Capital Management LLC grew its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 8.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,381 shares of the auto parts company’s stock after acquiring an additional 252 shares during the period. Penserra Capital Management LLC’s holdings in BorgWarner were worth $124,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of BorgWarner by 9.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 33,483 shares of the auto parts company’s stock valued at $1,404,000 after purchasing an additional 2,935 shares during the period. Westside Investment Management Inc. acquired a new position in BorgWarner in the second quarter valued at approximately $27,000. Arizona State Retirement System boosted its holdings in shares of BorgWarner by 17.7% during the 2nd quarter. Arizona State Retirement System now owns 106,028 shares of the auto parts company’s stock worth $4,451,000 after buying an additional 15,956 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of BorgWarner by 199.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 106,166 shares of the auto parts company’s stock worth $4,457,000 after buying an additional 70,700 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of BorgWarner by 0.6% during the 2nd quarter. Strs Ohio now owns 999,768 shares of the auto parts company’s stock worth $41,970,000 after buying an additional 5,970 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

NYSE BWA opened at $42.47 on Tuesday. The company has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $38.38. BorgWarner Inc. has a 12-month low of $30.71 and a 12-month high of $46.60. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $8.68 billion, a P/E ratio of 10.08, a PEG ratio of 1.38 and a beta of 1.85.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Sell-side analysts predict that BorgWarner Inc. will post 3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, November 29th. BorgWarner’s payout ratio is presently 15.18%.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research note on Friday, September 27th. Morgan Stanley increased their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Nomura initiated coverage on shares of BorgWarner in a research note on Tuesday, August 27th. They set a “buy” rating and a $41.00 target price on the stock. Royal Bank of Canada set a $41.00 price target on shares of BorgWarner and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Wolfe Research downgraded shares of BorgWarner from an “outperform” rating to a “peer perform” rating and decreased their price target for the company from $50.00 to $46.00 in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. BorgWarner currently has a consensus rating of “Hold” and a consensus target price of $45.67.

BorgWarner Profile

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

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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