Cubist Systematic Strategies LLC Sells 5,065 Shares of BorgWarner Inc. (BWA)

Cubist Systematic Strategies LLC reduced its stake in BorgWarner Inc. (NYSE:BWA) by 23.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,191 shares of the auto parts company’s stock after selling 5,065 shares during the period. Cubist Systematic Strategies LLC’s holdings in BorgWarner were worth $813,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wayne Hummer Investments L.L.C. boosted its position in shares of BorgWarner by 16.6% in the 4th quarter. Wayne Hummer Investments L.L.C. now owns 7,342 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 1,045 shares during the last quarter. Norinchukin Bank The boosted its position in shares of BorgWarner by 7.3% in the 4th quarter. Norinchukin Bank The now owns 15,846 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 1,079 shares during the last quarter. New Amsterdam Partners LLC NY boosted its position in shares of BorgWarner by 27.0% in the 1st quarter. New Amsterdam Partners LLC NY now owns 5,353 shares of the auto parts company’s stock worth $269,000 after purchasing an additional 1,138 shares during the last quarter. AdvisorNet Financial Inc boosted its position in shares of BorgWarner by 93.0% in the 1st quarter. AdvisorNet Financial Inc now owns 3,049 shares of the auto parts company’s stock worth $153,000 after purchasing an additional 1,469 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of BorgWarner by 6.5% in the 1st quarter. First Republic Investment Management Inc. now owns 26,143 shares of the auto parts company’s stock worth $1,313,000 after purchasing an additional 1,606 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.

Several research analysts have weighed in on BWA shares. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, April 3rd. ValuEngine lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Susquehanna Bancshares set a $63.00 target price on BorgWarner and gave the stock a “buy” rating in a report on Wednesday, March 14th. Morgan Stanley upgraded BorgWarner from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $37.54 to $58.22 in a report on Thursday, March 22nd. Finally, Citigroup reduced their target price on BorgWarner from $60.00 to $59.00 and set a “neutral” rating on the stock in a report on Tuesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.88.



BWA opened at $45.09 on Friday. BorgWarner Inc. has a 1 year low of $40.00 and a 1 year high of $58.22. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.30 and a beta of 1.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 1.52.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.07. BorgWarner had a return on equity of 22.15% and a net margin of 4.68%. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. analysts expect that BorgWarner Inc. will post 4.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, May 31st. BorgWarner’s dividend payout ratio is 17.48%.

BorgWarner Company Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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