Thrivent Financial for Lutherans Has $12.50 Million Stake in BorgWarner (BWA)

Thrivent Financial for Lutherans decreased its holdings in shares of BorgWarner (NYSE:BWA) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,801 shares of the auto parts company’s stock after selling 20,381 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of BorgWarner worth $12,498,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in BorgWarner by 11.7% during the 4th quarter. BlackRock Inc. now owns 17,343,810 shares of the auto parts company’s stock worth $886,092,000 after acquiring an additional 1,823,272 shares during the last quarter. Boston Partners boosted its stake in BorgWarner by 1.2% during the 1st quarter. Boston Partners now owns 11,648,949 shares of the auto parts company’s stock worth $585,127,000 after acquiring an additional 132,772 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in BorgWarner by 3.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 8,138,617 shares of the auto parts company’s stock worth $408,803,000 after acquiring an additional 289,179 shares during the last quarter. Victory Capital Management Inc. boosted its stake in BorgWarner by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 4,138,956 shares of the auto parts company’s stock worth $207,900,000 after acquiring an additional 26,054 shares during the last quarter. Finally, LSV Asset Management boosted its stake in BorgWarner by 7.7% during the 1st quarter. LSV Asset Management now owns 4,084,875 shares of the auto parts company’s stock worth $205,183,000 after acquiring an additional 290,788 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Shares of BorgWarner opened at $51.92 on Monday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.52. BorgWarner has a twelve month low of $40.00 and a twelve month high of $58.22. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.47 and a beta of 1.81.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, April 26th. The auto parts company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.07. BorgWarner had a net margin of 4.68% and a return on equity of 22.15%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. analysts anticipate that BorgWarner will post 4.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 31st. BorgWarner’s dividend payout ratio is presently 17.48%.

Several research firms recently weighed in on BWA. Barclays reissued a “hold” rating and set a $58.00 price objective on shares of BorgWarner in a research note on Sunday, January 21st. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Cowen began coverage on shares of BorgWarner in a research note on Monday, April 16th. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Royal Bank of Canada raised shares of BorgWarner from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. BorgWarner has an average rating of “Hold” and a consensus target price of $54.63.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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