Janus Henderson Group PLC reduced its position in shares of BorgWarner Inc. (NYSE:BWA) by 46.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 445,768 shares of the auto parts company’s stock after selling 385,263 shares during the period. Janus Henderson Group PLC owned 0.21% of BorgWarner worth $19,070,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Heartland Advisors Inc. lifted its holdings in shares of BorgWarner by 12.1% during the 3rd quarter. Heartland Advisors Inc. now owns 84,533 shares of the auto parts company’s stock worth $3,616,000 after acquiring an additional 9,156 shares during the period. Alliancebernstein L.P. raised its holdings in BorgWarner by 1.7% in the third quarter. Alliancebernstein L.P. now owns 613,658 shares of the auto parts company’s stock valued at $26,252,000 after buying an additional 10,458 shares during the period. Norinchukin Bank The raised its holdings in BorgWarner by 20.1% in the third quarter. Norinchukin Bank The now owns 26,865 shares of the auto parts company’s stock valued at $1,149,000 after buying an additional 4,488 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in BorgWarner in the third quarter valued at approximately $146,000. Finally, Commonwealth Bank of Australia raised its holdings in BorgWarner by 16.0% in the third quarter. Commonwealth Bank of Australia now owns 25,376 shares of the auto parts company’s stock valued at $1,079,000 after buying an additional 3,500 shares during the period. 90.60% of the stock is currently owned by institutional investors.
NYSE BWA opened at $35.74 on Friday. BorgWarner Inc. has a one year low of $35.56 and a one year high of $58.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.66. The company has a market capitalization of $7.76 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.80.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.45 billion. Equities research analysts predict that BorgWarner Inc. will post 4.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, November 30th. BorgWarner’s dividend payout ratio (DPR) is 17.48%.
In other BorgWarner news, insider Brady D. Ericson sold 16,780 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $39.70, for a total value of $666,166.00. Following the completion of the sale, the insider now owns 18,089 shares of the company’s stock, valued at $718,133.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joel Wiegert sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $39.57, for a total transaction of $158,280.00. The disclosure for this sale can be found here. Insiders sold 38,475 shares of company stock valued at $1,526,992 in the last ninety days. 0.74% of the stock is owned by corporate insiders.
Several research analysts recently commented on the stock. BMO Capital Markets set a $60.00 price target on shares of BorgWarner and gave the company a “buy” rating in a report on Thursday, September 20th. ValuEngine lowered shares of BorgWarner from a “sell” rating to a “strong sell” rating in a report on Saturday, September 1st. Buckingham Research cut their price target on shares of BorgWarner from $55.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. Royal Bank of Canada cut their price target on shares of BorgWarner to $49.00 and set a “positive” rating on the stock in a report on Wednesday, September 19th. Finally, Wolfe Research assumed coverage on shares of BorgWarner in a report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $53.79.
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.
Read More: What is the LIBOR?
Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA).
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.