Aperio Group LLC Acquires 15,763 Shares of BorgWarner Inc. (BWA)
Aperio Group LLC boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,676 shares of the company’s stock after buying an additional 15,763 shares during the period. Aperio Group LLC’s holdings in BorgWarner were worth $5,195,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BWA. Mizuho Asset Management Co. Ltd. increased its stake in BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock worth $105,000 after buying an additional 1,837 shares in the last quarter. River & Mercantile Asset Management LLP increased its stake in BorgWarner by 166.7% in the second quarter. River & Mercantile Asset Management LLP now owns 4,000 shares of the company’s stock worth $118,000 after buying an additional 2,500 shares in the last quarter. Pacer Advisors Inc. increased its stake in BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock worth $119,000 after buying an additional 271 shares in the last quarter. Washington Trust Bank increased its stake in BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock worth $120,000 after buying an additional 54 shares in the last quarter. Finally, Seven Eight Capital LLC bought a new stake in BorgWarner during the second quarter worth approximately $121,000. 86.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of BorgWarner Inc. (NYSE:BWA) traded down 2.24% during trading on Tuesday, reaching $34.46. 1,597,605 shares of the company traded hands. The firm has a market capitalization of $7.34 billion, a PE ratio of 14.03 and a beta of 1.75. BorgWarner Inc. has a 12 month low of $27.52 and a 12 month high of $44.35. The firm has a 50-day moving average price of $35.05 and a 200-day moving average price of $33.80.
BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. BorgWarner had a net margin of 6.01% and a return on equity of 18.50%. The company earned $2.21 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts anticipate that BorgWarner Inc. will post $3.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.14 per share. This is a positive change from BorgWarner’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.57%. BorgWarner’s dividend payout ratio (DPR) is 21.14%.
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A number of research firms recently commented on BWA. Goldman Sachs Group Inc. downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $35.00 in a report on Thursday, October 6th. Robert W. Baird reaffirmed an “outperform” rating and issued a $46.00 price target on shares of BorgWarner in a report on Wednesday, September 7th. Buckingham Research initiated coverage on shares of BorgWarner in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $33.00 price target on the stock. Bank of America Corp. downgraded shares of BorgWarner from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $39.00 to $29.00 in a report on Wednesday, November 9th. Finally, Berenberg Bank initiated coverage on shares of BorgWarner in a report on Tuesday, November 22nd. They issued a “sell” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.00.
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
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