Amica Mutual Insurance Co. cut its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 51.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,168 shares of the auto parts company’s stock after selling 8,554 shares during the quarter. Amica Mutual Insurance Co.’s holdings in BorgWarner were worth $417,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Stephens Inc. AR raised its stake in shares of BorgWarner by 20.2% during the fourth quarter. Stephens Inc. AR now owns 5,994 shares of the auto parts company’s stock worth $306,000 after acquiring an additional 1,008 shares in the last quarter. Parkside Investments LLC increased its stake in shares of BorgWarner by 2.4% in the fourth quarter. Parkside Investments LLC now owns 45,500 shares of the auto parts company’s stock worth $2,325,000 after buying an additional 1,075 shares during the period. Norinchukin Bank The increased its stake in shares of BorgWarner by 7.3% in the fourth quarter. Norinchukin Bank The now owns 15,846 shares of the auto parts company’s stock worth $810,000 after buying an additional 1,079 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of BorgWarner by 0.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 173,037 shares of the auto parts company’s stock worth $8,865,000 after buying an additional 1,179 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in shares of BorgWarner by 23.4% in the third quarter. ETRADE Capital Management LLC now owns 6,356 shares of the auto parts company’s stock worth $326,000 after buying an additional 1,207 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the transaction, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the transaction, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
Several research analysts recently commented on the stock. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reaffirmed a “hold” rating and issued a $58.00 target price on shares of BorgWarner in a research note on Sunday, January 21st. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. BMO Capital Markets lifted their target price on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, Oppenheimer assumed coverage on shares of BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. BorgWarner currently has an average rating of “Hold” and a consensus target price of $52.59.
BorgWarner Inc. (NYSE:BWA) opened at $52.32 on Friday. 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 stock has a market cap of $10,999.14, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82. BorgWarner Inc. has a 1 year low of $37.54 and a 1 year high of $58.22.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. equities research analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s payout ratio is currently 32.85%.
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BorgWarner Company Profile
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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