First Republic Investment Management Inc. cut its holdings in BorgWarner Inc. (NYSE:BWA) by 14.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,481 shares of the auto parts company’s stock after selling 4,361 shares during the quarter. First Republic Investment Management Inc.’s holdings in BorgWarner were worth $1,305,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of BWA. Cutter & CO Brokerage Inc. boosted its stake in shares of BorgWarner by 1.7% in the second quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 90 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of BorgWarner by 1.2% in the second quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 91 shares during the last quarter. Mastrapasqua Asset Management Inc. boosted its stake in shares of BorgWarner by 0.4% in the second quarter. Mastrapasqua Asset Management Inc. now owns 27,858 shares of the auto parts company’s stock worth $1,180,000 after acquiring an additional 100 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of BorgWarner by 0.9% in the second quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock worth $573,000 after acquiring an additional 120 shares during the last quarter. Finally, Westover Capital Advisors LLC boosted its stake in shares of BorgWarner by 1.6% in the second quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock worth $529,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.
BWA has been the topic of a number of research analyst reports. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, September 5th. Deutsche Bank lowered BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a research note on Thursday, October 12th. Citigroup lifted their price target on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Barclays set a $50.00 price target on BorgWarner and gave the stock a “hold” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.67.
BorgWarner Inc. (NYSE:BWA) opened at $52.32 on Thursday. The firm has a market capitalization of $11,253.50, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. BorgWarner Inc. has a 12 month low of $37.54 and a 12 month high of $55.86.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. equities analysts forecast that BorgWarner Inc. will post 3.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s payout ratio is 49.28%.
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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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