Guggenheim Capital LLC reduced its position in shares of BorgWarner (NYSE:BWA) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 662,708 shares of the auto parts company’s stock after selling 171,719 shares during the period. Guggenheim Capital LLC owned 0.31% of BorgWarner worth $33,857,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of BorgWarner during the 4th quarter worth $119,000. Cerebellum GP LLC bought a new stake in shares of BorgWarner during the 4th quarter worth $119,000. Calton & Associates Inc. bought a new stake in shares of BorgWarner during the 4th quarter worth $150,000. Zeke Capital Advisors LLC bought a new stake in shares of BorgWarner during the 3rd quarter worth $201,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of BorgWarner during the 3rd quarter worth $202,000. 95.68% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. ValuEngine raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reissued a “hold” rating and issued a $58.00 price target on shares of BorgWarner in a report on Sunday, January 21st. Zacks Investment Research downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Susquehanna Bancshares set a $63.00 price target on shares of BorgWarner and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $64.00 price target on shares of BorgWarner in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Buy” and an average target price of $54.33.
Shares of NYSE:BWA traded up $0.36 during midday trading on Thursday, reaching $53.57. 1,240,962 shares of the company’s stock were exchanged, compared to its average volume of 1,529,003. The company has a market capitalization of $11,161.26, a price-to-earnings ratio of 13.77, a PEG ratio of 1.44 and a beta of 1.81. BorgWarner has a 12 month low of $38.01 and a 12 month 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.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. sell-side analysts forecast that BorgWarner will post 4.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is currently 17.48%.
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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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