Pacer Advisors Inc. reduced its position in BorgWarner Inc. (NYSE:BWA) by 44.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,419 shares of the auto parts company’s stock after selling 11,420 shares during the quarter. Pacer Advisors Inc.’s holdings in BorgWarner were worth $705,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in BWA. Envestnet Asset Management Inc. grew its holdings in BorgWarner by 1,080.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,956,068 shares of the auto parts company’s stock worth $19,773,000 after acquiring an additional 2,705,713 shares in the last quarter.
Norges Bank purchased a new stake in BorgWarner during the fourth quarter worth $92,430,000. Nordea Investment Management AB lifted its holdings in BorgWarner by 10,047.3% during the second quarter. Nordea Investment Management AB now owns 1,711,145 shares of the auto parts company’s stock worth $83,093,000 after buying an additional 1,694,282 shares during the period.
Ceredex Value Advisors LLC boosted its position in BorgWarner by 97.2% during the 1st quarter. Ceredex Value Advisors LLC now owns 1,595,641 shares of the auto parts company’s stock valued at $78,362,000 after acquiring an additional 786,542 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of BorgWarner by 24.7% in the 1st quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock valued at $141,495,000 after acquiring an additional 720,690 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.
BorgWarner Inc. has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The company has a twelve month low of $31.19 and a twelve month high of $51.14. The company’s 50-day moving average is $41.49 and its 200-day moving average is $44.90. The company has a market cap of $9.49 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44.
BorgWarner last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.39 billion. BorgWarner had a net margin of 5.63% and a return on equity of 15.45%. On average, sell-side analysts forecast that BorgWarner Inc. will post 3.76 EPS for the current year.
Several research analysts have recently weighed in on the company. UBS Group initiated coverage on BorgWarner in a research report on Tuesday, September 12th, setting a “buy” rating and a $52.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of BorgWarner from $48.00 to $50.00 in a research note on Thursday, July 6th. Barclays reduced their price objective on shares of BorgWarner from $58.00 to $57.00 in a research note on Monday, July 10th. Nomura Instinet restated a “neutral” rating and issued a $44.00 target price on shares of BorgWarner in a research note on Thursday, August 17th. Finally, JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $51.64.
– Pacer Advisors Inc.
– Envestnet Asset Management Inc.
– Norges Bank
– Nordea Investment Management AB
– Ceredex Value Advisors LLC
– Invesco Ltd.
– Institutional Investor: An organization that pools together funds from clients and uses those funds to buy securities such as stocks, bonds, and other investment products.
– Shares: A unit of ownership in a company, representing a claim on part of the company’s assets and earnings.
– Holdings: The total amount of a specific security, such as stocks, owned by an individual or institution.
– Auto Parts Company: A company that manufactures and sells parts and components used in the production of automobiles.
– Moving Average: A calculation used to analyze data points by creating a series of averages of different subsets of the full data set.