Sumitomo Mitsui Trust Holdings Inc. lessened its position in BorgWarner Inc. (NYSE:BWA) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 825,330 shares of the auto parts company’s stock after selling 13,026 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.40% of BorgWarner worth $30,273,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. Steward Partners Investment Advisory LLC bought a new position in shares of BorgWarner in the second quarter worth approximately $25,000. Westside Investment Management Inc. bought a new position in shares of BorgWarner in the second quarter worth approximately $27,000. Sandy Spring Bank bought a new position in shares of BorgWarner in the second quarter worth approximately $27,000. Usca Ria LLC bought a new position in shares of BorgWarner in the third quarter worth approximately $31,000. Finally, CSat Investment Advisory L.P. lifted its stake in shares of BorgWarner by 60.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock worth $64,000 after buying an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 90.68% of the company’s stock.
Several research analysts have recently issued reports on the stock. Barclays reiterated a “buy” rating and issued a $46.00 target price on shares of BorgWarner in a research note on Sunday, November 3rd. Oppenheimer set a $47.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a report on Friday, November 1st. Nomura started coverage on shares of BorgWarner in a report on Tuesday, August 27th. They set a “buy” rating and a $41.00 price objective for the company. Credit Suisse Group boosted their price objective on shares of BorgWarner from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Wolfe Research set a $50.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.33.
Shares of BWA stock opened at $46.31 on Friday. BorgWarner Inc. has a 12 month low of $30.71 and a 12 month high of $46.33. The stock has a market cap of $9.30 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.48 and a beta of 1.85. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $38.07.
BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that BorgWarner Inc. will post 3.92 earnings per share for the current year.
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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