BorgWarner Inc. (NYSE:BWA) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 50.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,051 shares of the auto parts company’s stock after purchasing an additional 18,175 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BorgWarner were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its holdings in shares of BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after purchasing an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after buying an additional 1,640,503 shares during the period. Earnest Partners LLC grew its holdings in BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after buying an additional 669,137 shares during the period. Hsbc Holdings PLC increased its stake in shares of BorgWarner by 86.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after acquiring an additional 652,097 shares during the last quarter. Finally, Swedbank AB boosted its position in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

NYSE:BWA opened at $35.15 on Wednesday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $7.69 billion, a P/E ratio of 8.92, a PEG ratio of 0.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The firm has a 50-day moving average of $34.16 and a two-hundred day moving average of $33.96.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. On average, research analysts expect that BorgWarner Inc. will post 4.2 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analysts Set New Price Targets

BWA has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group reduced their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.44.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, 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, cabin heaters, battery modules and systems, battery heaters, and battery charging.