Vanguard Personalized Indexing Management LLC Boosts Position in BorgWarner Inc. (NYSE:BWA)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,493 shares of the auto parts company’s stock after purchasing an additional 3,257 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BorgWarner were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Boston Partners purchased a new stake in shares of BorgWarner during the second quarter valued at $161,247,000. Norges Bank bought a new position in BorgWarner during the 4th quarter valued at about $92,430,000. Nuveen Asset Management LLC boosted its holdings in shares of BorgWarner by 351.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after acquiring an additional 2,085,433 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of BorgWarner in the second quarter worth approximately $75,483,000. Finally, Invesco Ltd. raised its holdings in shares of BorgWarner by 24.7% during the first quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock valued at $141,495,000 after purchasing an additional 720,690 shares during the last quarter. Institutional investors own 92.35% of the company’s stock.

Analysts Set New Price Targets

BWA has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut shares of BorgWarner from a “buy” rating to a “hold” rating and dropped their target price for the stock from $47.00 to $36.00 in a report on Friday, November 3rd. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday. Robert W. Baird downgraded BorgWarner from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. Finally, Morgan Stanley cut their price target on BorgWarner from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $44.98.

View Our Latest Research Report on BorgWarner

BorgWarner Trading Up 1.0 %

BorgWarner stock opened at $31.80 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a 12-month low of $30.83 and a 12-month high of $51.14. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.95 and a beta of 1.32. The firm has a 50 day moving average of $34.11 and a 200 day moving average of $37.10.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts predict that BorgWarner Inc. will post 3.83 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. BorgWarner’s payout ratio is 16.48%.

BorgWarner Company Profile

(Free Report)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It 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.

Further Reading

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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