Russell Investments Group Ltd. lessened its stake in BorgWarner Inc. (NYSE:BWA – Get Rating) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,499 shares of the auto parts company’s stock after selling 45,865 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of BorgWarner worth $10,856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in BorgWarner by 99.5% during the fourth quarter. Van ECK Associates Corp now owns 1,750 shares of the auto parts company’s stock valued at $79,000 after purchasing an additional 873 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BorgWarner during the 4th quarter valued at about $3,373,000. Commonwealth Equity Services LLC grew its stake in shares of BorgWarner by 15.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 75,570 shares of the auto parts company’s stock valued at $3,405,000 after buying an additional 10,135 shares in the last quarter. Yousif Capital Management LLC acquired a new position in BorgWarner in the fourth quarter worth approximately $2,050,000. Finally, CWM LLC bought a new position in BorgWarner during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 90.96% of the company’s stock.
Insider Transactions at BorgWarner
In related news, CAO Tonit M. Calaway sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $38.75, for a total value of $155,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,923 shares in the company, valued at $2,244,516.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Tonit M. Calaway sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $38.75, for a total value of $155,000.00. Following the sale, the chief accounting officer now owns 57,923 shares of the company’s stock, valued at $2,244,516.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 17,543 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $40.27, for a total transaction of $706,456.61. Following the completion of the transaction, the chief accounting officer now directly owns 40,380 shares of the company’s stock, valued at approximately $1,626,102.60. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.
BorgWarner Trading Down 1.3 %
BorgWarner (NYSE:BWA – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.20. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.70 billion. BorgWarner had a net margin of 4.36% and a return on equity of 13.13%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.09 EPS for the current year.
BorgWarner Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. BorgWarner’s dividend payout ratio is currently 25.28%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on BWA shares. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Friday, July 15th. Morgan Stanley restated a “maintains” rating and set a $32.00 target price (up from $30.00) on shares of BorgWarner in a report on Thursday. BNP Paribas began coverage on BorgWarner in a research note on Monday, April 11th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised BorgWarner from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.00 to $48.00 in a research note on Monday, July 18th. Finally, Citigroup upped their target price on BorgWarner from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.67.
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.
- Get a free copy of the StockNews.com research report on BorgWarner (BWA)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.