Robeco Institutional Asset Management B.V. lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 683,725 shares of the auto parts company's stock after purchasing an additional 43,330 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.30% of BorgWarner worth $24,812,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Trillium Asset Management LLC raised its position in BorgWarner by 2.1% during the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company's stock worth $479,000 after buying an additional 283 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of BorgWarner by 3.5% during the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company's stock worth $294,000 after purchasing an additional 285 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its position in BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after purchasing an additional 316 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BorgWarner by 1.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company's stock valued at $667,000 after purchasing an additional 335 shares during the last quarter. Finally, First Pacific Financial grew its position in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company's stock worth $315,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.
Shares of BorgWarner stock opened at $34.02 on Wednesday. The business's 50 day moving average price is $34.05 and its 200 day moving average price is $33.89. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22.
BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts predict that BorgWarner Inc. will post 4.23 EPS for the current year.
A number of analysts have recently commented on the company. Bank of America lowered their target price on BorgWarner from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Robert W. Baird raised their price objective 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 upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Wells Fargo & Company dropped their price target on shares of BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, August 1st. Finally, Barclays upped their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and an average target price of $41.44.
Check Out Our Latest Stock Report on BorgWarner
In related news, EVP Tania Wingfield sold 2,066 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.63% of the company's stock.
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.
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