Adalta Capital Management LLC lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,075 shares of the auto parts company’s stock after selling 1,375 shares during the quarter. Adalta Capital Management LLC’s holdings in BorgWarner were worth $1,230,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of BWA. BlackRock Inc. lifted its stake in shares of BorgWarner by 11.7% in the fourth quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after acquiring an additional 1,823,272 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of BorgWarner by 5.3% in the fourth quarter. Victory Capital Management Inc. now owns 4,112,902 shares of the auto parts company’s stock worth $210,128,000 after acquiring an additional 208,103 shares in the last quarter. LSV Asset Management lifted its stake in shares of BorgWarner by 11.4% in the fourth quarter. LSV Asset Management now owns 3,794,087 shares of the auto parts company’s stock worth $193,839,000 after acquiring an additional 387,390 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in shares of BorgWarner by 87.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,257,654 shares of the auto parts company’s stock worth $166,434,000 after acquiring an additional 1,519,785 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of BorgWarner by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 2,414,946 shares of the auto parts company’s stock worth $123,155,000 after acquiring an additional 157,162 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
Several analysts recently weighed in on BWA shares. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, December 26th. Wells Fargo & Co boosted their price objective on BorgWarner from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Royal Bank of Canada reissued a “hold” rating and issued a $61.00 price objective on shares of BorgWarner in a report on Wednesday, December 20th. Oppenheimer started coverage on BorgWarner in a report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective for the company. Finally, ValuEngine lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.53.
BorgWarner Inc. (NYSE:BWA) opened at $50.77 on Tuesday. The company has a market capitalization of $10,690.00, a P/E ratio of 15.02, a PEG ratio of 1.26 and a beta of 1.86. BorgWarner Inc. has a fifty-two week low of $37.54 and a fifty-two week high of $58.22. The company has a current ratio of 1.46, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.53 billion. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is presently 20.12%.
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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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