Steward Partners Investment Advisory LLC Purchases Shares of 612 BorgWarner Inc. (NYSE:BWA)

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Steward Partners Investment Advisory LLC purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 612 shares of the auto parts company’s stock, valued at approximately $25,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Mason Street Advisors LLC lifted its position in shares of BorgWarner by 0.9% in the 1st quarter. Mason Street Advisors LLC now owns 29,631 shares of the auto parts company’s stock worth $1,138,000 after purchasing an additional 267 shares during the period. State Treasurer State of Michigan lifted its position in shares of BorgWarner by 0.5% in the 1st quarter. State Treasurer State of Michigan now owns 59,896 shares of the auto parts company’s stock worth $2,301,000 after purchasing an additional 300 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of BorgWarner by 3.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 8,661 shares of the auto parts company’s stock worth $364,000 after purchasing an additional 302 shares during the period. Advisor Partners LLC lifted its position in shares of BorgWarner by 3.0% in the 1st quarter. Advisor Partners LLC now owns 11,667 shares of the auto parts company’s stock worth $448,000 after purchasing an additional 337 shares during the period. Finally, Regentatlantic Capital LLC lifted its position in shares of BorgWarner by 5.9% in the 1st quarter. Regentatlantic Capital LLC now owns 6,867 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 385 shares during the period. 89.40% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on BWA shares. Morgan Stanley set a $47.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a research report on Wednesday, June 26th. ValuEngine cut shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 10th. Robert W. Baird set a $51.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research report on Friday, July 26th. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday. Finally, Barclays reissued a “buy” rating and set a $44.00 price target on shares of BorgWarner in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. BorgWarner presently has a consensus rating of “Hold” and a consensus price target of $46.93.

Shares of NYSE BWA opened at $30.88 on Friday. BorgWarner Inc. has a 1 year low of $30.71 and a 1 year high of $46.97. The stock has a market cap of $6.62 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.82. The firm has a 50-day moving average of $36.89 and a 200 day moving average of $39.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. BorgWarner’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.18 EPS. Research analysts expect that BorgWarner Inc. will post 3.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 2.20%. BorgWarner’s dividend payout ratio is currently 15.18%.

BorgWarner Company 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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