Wayne Hummer Investments L.L.C. grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,342 shares of the auto parts company’s stock after buying an additional 1,045 shares during the quarter. Wayne Hummer Investments L.L.C.’s holdings in BorgWarner were worth $375,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. First Trust Advisors LP increased its holdings in shares of BorgWarner by 39.4% in the 3rd quarter. First Trust Advisors LP now owns 114,125 shares of the auto parts company’s stock valued at $5,847,000 after purchasing an additional 32,227 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $1,189,000. Canada Pension Plan Investment Board increased its holdings in shares of BorgWarner by 28.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 50,000 shares of the auto parts company’s stock valued at $2,562,000 after purchasing an additional 11,150 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $235,000. Finally, Andra AP fonden increased its holdings in shares of BorgWarner by 16.0% in the 3rd quarter. Andra AP fonden now owns 71,000 shares of the auto parts company’s stock valued at $3,637,000 after purchasing an additional 9,800 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the sale, the executive vice president now directly owns 63,937 shares of the company’s stock, valued at approximately $3,363,086.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the sale, the vice president now directly owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.
BorgWarner Inc. (BWA) traded down $0.24 during trading hours on Wednesday, reaching $50.59. 1,217,415 shares of the company’s stock traded hands, compared to its average volume of 1,700,000. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.15. BorgWarner Inc. has a 52-week low of $37.54 and a 52-week high of $58.22. The stock has a market cap of $10,650.00, a P/E ratio of 14.97, a P/E/G ratio of 1.24 and a beta of 1.86.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. BorgWarner had a net margin of 4.49% and a return on equity of 21.92%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. sell-side analysts predict that BorgWarner Inc. will post 4.27 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. BorgWarner’s dividend payout ratio is currently 20.12%.
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BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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