Adalta Capital Management LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,075 shares of the auto parts company’s stock after selling 1,375 shares during the period. Adalta Capital Management LLC’s holdings in BorgWarner were worth $1,230,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in BorgWarner during the fourth quarter worth $119,000. Advisors Preferred LLC purchased a new stake in shares of BorgWarner in the fourth quarter valued at $119,000. Calton & Associates Inc. purchased a new stake in shares of BorgWarner in the fourth quarter valued at $150,000. Zeke Capital Advisors LLC purchased a new stake in shares of BorgWarner in the third quarter valued at $201,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of BorgWarner in the third quarter valued at $202,000. 95.71% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on BWA shares. Oppenheimer started coverage on BorgWarner in a research report on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price objective for the company. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $61.00 price objective on shares of BorgWarner in a research report on Wednesday, December 20th. Barclays reaffirmed a “hold” rating and issued a $58.00 price objective on shares of BorgWarner in a research report on Sunday, January 21st. Finally, ValuEngine raised BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Hold” and a consensus price target of $52.53.
Shares of BorgWarner Inc. (BWA) opened at $50.77 on Tuesday. BorgWarner Inc. has a 1 year low of $37.54 and a 1 year high of $58.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.46. The stock has a market capitalization of $10,690.00, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86.
BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.92% and a net margin of 4.49%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is presently 20.12%.
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BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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