HRT Financial LLC Takes Position in BorgWarner Inc. (BWA)

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HRT Financial LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,991 shares of the auto parts company’s stock, valued at approximately $301,000.

Several other hedge funds have also added to or reduced their stakes in the company. Mackay Shields LLC acquired a new stake in BorgWarner during the first quarter worth approximately $1,676,000. Schwab Charles Investment Management Inc. boosted its position in BorgWarner by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,061,619 shares of the auto parts company’s stock worth $53,326,000 after acquiring an additional 62,063 shares during the last quarter. ETRADE Capital Management LLC boosted its position in BorgWarner by 16.2% during the first quarter. ETRADE Capital Management LLC now owns 11,916 shares of the auto parts company’s stock worth $599,000 after acquiring an additional 1,662 shares during the last quarter. American International Group Inc. boosted its position in BorgWarner by 48.1% during the first quarter. American International Group Inc. now owns 98,855 shares of the auto parts company’s stock worth $4,965,000 after acquiring an additional 32,111 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in BorgWarner by 1.8% during the first quarter. Neuberger Berman Group LLC now owns 852,961 shares of the auto parts company’s stock worth $42,869,000 after acquiring an additional 15,234 shares during the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.

In other news, EVP Tonit M. Calaway sold 4,590 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $46.01, for a total value of $211,185.90. Following the transaction, the executive vice president now owns 34,982 shares of the company’s stock, valued at approximately $1,609,521.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas J. Mcgill sold 3,260 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total transaction of $145,233.00. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

Shares of BWA opened at $44.87 on Friday. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.22 and a beta of 1.88. BorgWarner Inc. has a fifty-two week low of $42.06 and a fifty-two week high of $58.22. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, July 26th. The auto parts company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.08. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.71 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. BorgWarner’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. sell-side analysts forecast that BorgWarner Inc. will post 4.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. BorgWarner’s dividend payout ratio (DPR) is presently 17.48%.

A number of analysts recently issued reports on BWA shares. Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $58.00 in a research report on Monday, June 25th. Wells Fargo & Co upgraded shares of BorgWarner from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $57.00 to $56.00 in a research report on Wednesday, July 18th. ValuEngine lowered shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Citigroup decreased their target price on shares of BorgWarner from $60.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 22nd. Finally, Oppenheimer decreased their target price on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, July 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.73.

BorgWarner Company Profile

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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