Penserra Capital Management LLC Acquires 252 Shares of BorgWarner Inc. (NYSE:BWA)

Penserra Capital Management LLC boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 8.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,381 shares of the auto parts company’s stock after acquiring an additional 252 shares during the quarter. Penserra Capital Management LLC’s holdings in BorgWarner were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of BorgWarner by 0.3% in the second quarter. Vanguard Group Inc. now owns 22,246,568 shares of the auto parts company’s stock worth $933,911,000 after buying an additional 62,875 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in BorgWarner by 21.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,104,013 shares of the auto parts company’s stock valued at $443,975,000 after acquiring an additional 2,116,861 shares in the last quarter. Victory Capital Management Inc. grew its stake in BorgWarner by 16.0% during the second quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock valued at $251,212,000 after acquiring an additional 824,302 shares in the last quarter. Waddell & Reed Financial Inc. increased its holdings in BorgWarner by 9.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,802,099 shares of the auto parts company’s stock worth $117,632,000 after acquiring an additional 231,464 shares during the period. Finally, Invesco Ltd. increased its holdings in BorgWarner by 41.2% during the 2nd quarter. Invesco Ltd. now owns 2,760,862 shares of the auto parts company’s stock worth $115,901,000 after acquiring an additional 805,905 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner stock opened at $42.47 on Tuesday. The firm’s fifty day moving average price is $42.06 and its 200-day moving average price is $38.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.58. The stock has a market cap of $8.68 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.85. BorgWarner Inc. has a fifty-two week low of $30.71 and a fifty-two week high of $46.60.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. On average, analysts predict that BorgWarner Inc. will post 3.92 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, November 29th. BorgWarner’s dividend payout ratio (DPR) is currently 15.18%.

Several brokerages have commented on BWA. Guggenheim began coverage on shares of BorgWarner in a report on Tuesday, October 15th. They issued a “neutral” rating for the company. Morgan Stanley upped their price target on shares of BorgWarner from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Oppenheimer set a $47.00 price objective on BorgWarner and gave the stock a “buy” rating in a research report on Friday, November 1st. Nomura assumed coverage on BorgWarner in a research report on Tuesday, August 27th. They issued a “buy” rating and a $41.00 price objective on the stock. Finally, Royal Bank of Canada set a $41.00 price objective on BorgWarner and gave the company a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.67.

BorgWarner Profile

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

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Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA).

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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