Norinchukin Bank The increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,846 shares of the auto parts company’s stock after acquiring an additional 1,079 shares during the quarter. Norinchukin Bank The’s holdings in BorgWarner were worth $810,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Inc. AR boosted its stake in BorgWarner by 20.2% during the 4th quarter. Stephens Inc. AR now owns 5,994 shares of the auto parts company’s stock worth $306,000 after acquiring an additional 1,008 shares during the last quarter. Parkside Investments LLC boosted its stake in BorgWarner by 2.4% during the 4th quarter. Parkside Investments LLC now owns 45,500 shares of the auto parts company’s stock worth $2,325,000 after acquiring an additional 1,075 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in BorgWarner by 0.7% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 173,037 shares of the auto parts company’s stock worth $8,865,000 after buying an additional 1,179 shares during the period. ETRADE Capital Management LLC raised its holdings in BorgWarner by 23.4% during the 3rd quarter. ETRADE Capital Management LLC now owns 6,356 shares of the auto parts company’s stock worth $326,000 after buying an additional 1,207 shares during the period. Finally, Arcadia Investment Management Corp MI raised its holdings in BorgWarner by 37.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 4,625 shares of the auto parts company’s stock worth $236,000 after buying an additional 1,250 shares during the period. 96.75% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares of the company’s stock, valued at $847,912.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the completion of the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. BorgWarner’s dividend payout ratio (DPR) is presently 32.85%.
Several analysts have commented on the stock. ValuEngine upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays restated a “hold” rating and set a $58.00 target price on shares of BorgWarner in a report on Sunday, January 21st. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. BMO Capital Markets raised their target price on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, Oppenheimer assumed coverage on shares of BorgWarner in a report on Thursday, December 7th. They set an “outperform” rating and a $63.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.59.
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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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