NumerixS Investment Technologies Inc Invests $120,000 in BorgWarner Inc. (NYSE:BWA) Stock

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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.

BWA stock opened at $40.95 on Friday. The firm has a market capitalization of $8.52 billion, a PE ratio of 9.14, a PEG ratio of 1.26 and a beta of 1.76. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. BorgWarner Inc. has a 1 year low of $32.46 and a 1 year high of $48.69.

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.

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BorgWarner Profile

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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