Vanguard Personalized Indexing Management LLC Purchases 3,257 Shares of BorgWarner Inc. (NYSE:BWA)

Vanguard Personalized Indexing Management LLC boosted its position in BorgWarner Inc. (NYSE:BWAFree Report) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,493 shares of the auto parts company’s stock after purchasing an additional 3,257 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BorgWarner were worth $1,070,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Boston Partners acquired a new position in shares of BorgWarner in the second quarter valued at approximately $161,247,000. Norges Bank bought a new stake in BorgWarner during the 4th quarter worth approximately $92,430,000. Nuveen Asset Management LLC increased its position in BorgWarner by 351.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after acquiring an additional 2,085,433 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of BorgWarner during the second quarter valued at $75,483,000. Finally, Invesco Ltd. lifted its holdings in shares of BorgWarner by 24.7% during the first quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock worth $141,495,000 after purchasing an additional 720,690 shares during the period. 92.35% of the stock is currently owned by institutional investors.

BorgWarner Stock Up 1.0 %

BorgWarner stock opened at $31.80 on Monday. The company has a market capitalization of $7.47 billion, a PE ratio of 11.91, a PEG ratio of 0.95 and a beta of 1.32. BorgWarner Inc. has a 12-month low of $30.83 and a 12-month high of $51.14. The firm’s fifty day moving average is $34.11 and its 200 day moving average is $37.10. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. BorgWarner’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 EPS. As a group, sell-side analysts predict that BorgWarner Inc. will post 3.83 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.11 dividend. The ex-dividend date is Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BWA. Morgan Stanley decreased their price objective on BorgWarner from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, November 14th. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company lowered their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday. TheStreet cut BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.98.

Get Our Latest Stock Report on BWA

BorgWarner Profile

(Free Report)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

Further Reading

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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