Natixis Advisors L.P. grew its stake in shares of BorgWarner Inc. (NYSE:BWA) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,475 shares of the auto parts company’s stock after buying an additional 12,737 shares during the period. Natixis Advisors L.P.’s holdings in BorgWarner were worth $3,756,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in BorgWarner during the 2nd quarter valued at approximately $25,000. Westside Investment Management Inc. bought a new stake in BorgWarner in the 2nd quarter worth approximately $27,000. Sandy Spring Bank bought a new stake in BorgWarner in the 2nd quarter worth approximately $27,000. Bremer Bank National Association bought a new stake in BorgWarner in the 1st quarter worth approximately $44,000. Finally, NumerixS Investment Technologies Inc bought a new stake in BorgWarner in the 1st quarter worth approximately $120,000. 91.49% of the stock is currently owned by hedge funds and other institutional investors.
BWA has been the topic of a number of research reports. Royal Bank of Canada downgraded BorgWarner from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $44.00 to $41.00 in a research note on Friday, July 26th. Morgan Stanley set a $47.00 price objective on BorgWarner and gave the stock a “buy” rating in a research note on Wednesday, June 26th. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, August 22nd. Robert W. Baird set a $51.00 price objective on BorgWarner and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Cowen set a $47.00 target price on BorgWarner and gave the company a “buy” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. BorgWarner has a consensus rating of “Hold” and a consensus target price of $46.50.
Shares of NYSE BWA traded up $0.95 during mid-day trading on Friday, reaching $40.19. 66,778 shares of the company were exchanged, compared to its average volume of 1,494,835. The company has a quick ratio of 1.31, a current ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.28 and a beta of 1.87. BorgWarner Inc. has a 1 year low of $30.71 and a 1 year high of $46.97. The firm has a 50-day moving average of $34.44 and a 200 day moving average of $38.54.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.52 billion. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. On average, equities analysts forecast that BorgWarner Inc. will post 3.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, August 30th. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.
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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