Davis R M Inc. Has $15.33 Million Position in BorgWarner Inc. (NYSE:BWA)

Davis R M Inc. lowered its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 418,034 shares of the auto parts company’s stock after selling 3,883 shares during the quarter. Davis R M Inc. owned 0.20% of BorgWarner worth $15,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 valued at $933,911,000 after buying an additional 62,875 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of BorgWarner by 0.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 9,987,152 shares of the auto parts company’s stock valued at $419,261,000 after buying an additional 45,220 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of BorgWarner by 16.0% in 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 buying an additional 824,302 shares during the period. Waddell & Reed Financial Inc. boosted its holdings in shares of BorgWarner by 9.0% in the second quarter. Waddell & Reed Financial Inc. now owns 2,802,099 shares of the auto parts company’s stock valued at $117,632,000 after buying an additional 231,464 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of BorgWarner by 41.2% in the second quarter. Invesco Ltd. now owns 2,760,862 shares of the auto parts company’s stock valued at $115,901,000 after buying an additional 805,905 shares during the period. Hedge funds and other institutional investors own 91.06% of the company’s stock.

NYSE BWA opened at $39.46 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.31 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $37.00 and its two-hundred day moving average price is $38.13. BorgWarner Inc. has a 1 year low of $30.71 and a 1 year high of $44.78. The firm has a market capitalization of $8.26 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 1.34 and a beta of 1.85.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts anticipate that BorgWarner Inc. will post 3.84 EPS for the current fiscal year.

Several research firms have recently weighed in on BWA. UBS Group reduced their price target on shares of BorgWarner from $49.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, September 12th. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, August 22nd. Nomura assumed coverage on shares of BorgWarner in a report on Tuesday, August 27th. They issued a “buy” rating and a $41.00 price target for the company. Guggenheim assumed coverage on shares of BorgWarner in a report on Tuesday, October 15th. They set a “neutral” rating for the company. Finally, Credit Suisse Group reduced their target price on shares of BorgWarner from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.43.

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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