Daiwa Securities Group Inc. held its stake in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, Holdings Channel reports. The institutional investor owned 5,100 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in BorgWarner were worth $151,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BWA. State Street Corp increased its stake in shares of BorgWarner by 2.4% in the first quarter. State Street Corp now owns 9,540,071 shares of the company’s stock valued at $366,343,000 after buying an additional 220,421 shares during the period. Franklin Resources Inc. increased its stake in shares of BorgWarner by 2.2% in the first quarter. Franklin Resources Inc. now owns 3,140,294 shares of the company’s stock valued at $120,587,000 after buying an additional 67,029 shares during the period. Fairpointe Capital LLC increased its stake in shares of BorgWarner by 11.5% in the first quarter. Fairpointe Capital LLC now owns 2,321,620 shares of the company’s stock valued at $89,150,000 after buying an additional 238,565 shares during the period. Geode Capital Management LLC increased its stake in shares of BorgWarner by 16.6% in the first quarter. Geode Capital Management LLC now owns 2,055,753 shares of the company’s stock valued at $78,802,000 after buying an additional 292,756 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of BorgWarner by 602.5% in the first quarter. JPMorgan Chase & Co. now owns 1,305,240 shares of the company’s stock valued at $50,121,000 after buying an additional 1,119,434 shares during the period. Institutional investors own 88.29% of the company’s stock.
BorgWarner Inc. (NYSE:BWA) traded up 0.51% during mid-day trading on Friday, reaching $35.69. The company’s stock had a trading volume of 3,706,349 shares. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 12.91 and a beta of 1.93. The firm has a 50-day moving average of $34.79 and a 200-day moving average of $34.16. BorgWarner Inc. has a 52 week low of $27.52 and a 52 week high of $48.64.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. BorgWarner had a return on equity of 18.50% and a net margin of 7.10%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts expect that BorgWarner Inc. will post $3.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 30th. BorgWarner’s payout ratio is 18.77%.
Several equities research analysts have weighed in on BWA shares. Seaport Global Securities started coverage on BorgWarner in a report on Tuesday, August 9th. They set a “neutral” rating on the stock. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Bank of America Corp. cut BorgWarner from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 21st. Robert W. Baird reaffirmed a “buy” rating on shares of BorgWarner in a research report on Tuesday, June 28th. Finally, Buckingham Research started coverage on BorgWarner in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.36.
In related news, VP Brady D. Ericson sold 17,132 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $33.69, for a total value of $577,177.08. Following the completion of the sale, the vice president now directly owns 25,502 shares of the company’s stock, valued at $859,162.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas J. Mcgill sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $31.83, for a total value of $159,150.00. Following the completion of the sale, the vice president now directly owns 31,061 shares of the company’s stock, valued at $988,671.63. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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