BorgWarner (BWA) Position Raised by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in BorgWarner (NYSE:BWA) by 51.5% in the fourth quarter, Holdings Channel reports. The firm owned 89,560 shares of the auto parts company’s stock after acquiring an additional 30,428 shares during the period. Gotham Asset Management LLC’s holdings in BorgWarner were worth $4,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. Cerebellum GP LLC bought a new stake in shares of BorgWarner in the fourth quarter worth about $119,000. Advisors Preferred LLC bought a new stake in shares of BorgWarner in the fourth quarter worth about $119,000. Calton & Associates Inc. bought a new stake in shares of BorgWarner in the fourth quarter worth about $150,000. Zeke Capital Advisors LLC bought a new stake in shares of BorgWarner in the third quarter worth about $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of BorgWarner in the third quarter worth about $202,000. Institutional investors and hedge funds own 95.71% of the company’s stock.

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BorgWarner (NYSE BWA) opened at $48.61 on Monday. BorgWarner has a 52-week low of $37.54 and a 52-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. The company has a market capitalization of $10,234.84, a P/E ratio of 12.50, a P/E/G ratio of 1.32 and a beta of 1.86.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. equities analysts predict that BorgWarner will post 4.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.40%. BorgWarner’s dividend payout ratio (DPR) is presently 32.85%.

BWA has been the subject of several recent analyst reports. Royal Bank of Canada upgraded BorgWarner from a “sector perform” rating to an “outperform” rating in a report on Friday, February 9th. Wells Fargo increased their price target on BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Morgan Stanley downgraded BorgWarner to a “buy” rating and set a $57.00 price target for the company. in a report on Friday. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Thursday, January 11th. Finally, BMO Capital Markets restated a “buy” rating and issued a $64.00 price target on shares of BorgWarner in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.50.

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BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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