NumerixS Investment Technologies Inc acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,200 shares of the auto parts company’s stock, valued at approximately $120,000.
A number of other hedge funds also recently bought and sold shares of BWA. Proficio Capital Partners LLC boosted its stake in BorgWarner by 247.8% during the 4th quarter. Proficio Capital Partners LLC now owns 939 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 669 shares during the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of BorgWarner by 93.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 999 shares of the auto parts company’s stock worth $35,000 after buying an additional 482 shares during the last quarter. Bremer Bank National Association purchased a new position in shares of BorgWarner in the 1st quarter worth $44,000. Bremer Trust National Association purchased a new position in shares of BorgWarner in the 4th quarter worth $47,000. Finally, Rehmann Capital Advisory Group boosted its stake in shares of BorgWarner by 186.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,731 shares of the auto parts company’s stock worth $60,000 after buying an additional 1,127 shares during the last quarter. 90.12% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on BWA shares. Bank of America restated a “neutral” rating and issued a $46.00 price target (up from $42.00) on shares of BorgWarner in a research note on Tuesday, April 23rd. Barclays upgraded BorgWarner from an “equal weight” rating to an “overweight” rating and set a $36.09 price target on the stock in a research note on Thursday, May 30th. ValuEngine downgraded BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 14th. Morgan Stanley set a $49.00 price target on BorgWarner and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Robert W. Baird upgraded BorgWarner to a “top pick” rating in a research note on Friday, February 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. BorgWarner currently has an average rating of “Buy” and a consensus price target of $48.76.
BorgWarner (NYSE:BWA) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.47 billion. BorgWarner had a return on equity of 21.64% and a net margin of 8.39%. BorgWarner’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. On average, equities research analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.66%. BorgWarner’s dividend payout ratio (DPR) is presently 15.18%.
In related news, Director Thomas T. Stallkamp sold 3,124 shares of BorgWarner stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total transaction of $131,208.00. Following the transaction, the director now directly owns 4,033 shares in the company, valued at $169,386. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by insiders.
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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