Zebra Capital Management LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 153.6% during the 2nd quarter, Holdings Channel reports. The fund owned 18,074 shares of the auto parts company’s stock after buying an additional 10,947 shares during the period. Zebra Capital Management LLC’s holdings in BorgWarner were worth $759,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in BorgWarner during the 2nd quarter worth about $25,000. Westside Investment Management Inc. bought a new position in BorgWarner during the 2nd quarter worth about $27,000. Sandy Spring Bank bought a new position in BorgWarner during the 2nd quarter worth about $27,000. Bremer Bank National Association bought a new position in BorgWarner during the 1st quarter worth about $44,000. Finally, NumerixS Investment Technologies Inc bought a new position in BorgWarner during the 1st quarter worth about $120,000. Institutional investors own 90.97% of the company’s stock.
BWA has been the topic of several recent research reports. Royal Bank of Canada cut shares of BorgWarner from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $44.00 to $41.00 in a report on Friday, July 26th. Deutsche Bank cut shares of BorgWarner from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $44.00 in a report on Friday, July 26th. Credit Suisse Group dropped their target price on shares of BorgWarner from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Cowen set a $47.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine upgraded shares of BorgWarner from a “strong sell” rating to a “sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.50.
Shares of NYSE:BWA traded down $1.14 during trading on Wednesday, reaching $37.40. The stock had a trading volume of 154,624 shares, compared to its average volume of 1,551,277. BorgWarner Inc. has a one year low of $30.71 and a one year high of $46.97. The company has a market capitalization of $7.96 billion, a P/E ratio of 8.43, a PEG ratio of 1.33 and a beta of 1.87. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $34.39 and its 200 day simple moving average is $38.49.
BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $1.18 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts forecast that BorgWarner Inc. will post 3.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, August 30th. BorgWarner’s dividend payout ratio 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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