BorgWarner Inc. (BWA) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in BorgWarner Inc. (NYSE:BWA) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 987,208 shares of the auto parts company’s stock after acquiring an additional 9,298 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.47% of BorgWarner worth $50,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in BorgWarner by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,470,428 shares of the auto parts company’s stock valued at $867,128,000 after acquiring an additional 308,140 shares during the last quarter. Boston Partners increased its stake in BorgWarner by 7.2% in the third quarter. Boston Partners now owns 11,588,389 shares of the auto parts company’s stock valued at $593,672,000 after acquiring an additional 777,782 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of BorgWarner by 1.3% during the third quarter. Victory Capital Management Inc. now owns 3,904,799 shares of the auto parts company’s stock valued at $200,044,000 after buying an additional 50,161 shares during the last quarter. Kiltearn Partners LLP grew its stake in shares of BorgWarner by 0.9% during the second quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock valued at $133,538,000 after buying an additional 28,300 shares during the last quarter. Finally, Black Creek Investment Management Inc. grew its stake in shares of BorgWarner by 32.5% during the second quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock valued at $112,858,000 after buying an additional 653,574 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of BorgWarner Inc. (NYSE BWA) opened at $54.38 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The firm has a market cap of $11,435.88, a PE ratio of 14.78, a PEG ratio of 1.57 and a beta of 1.76. BorgWarner Inc. has a 1-year low of $37.30 and a 1-year high of $55.86.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. BorgWarner’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. research analysts predict that BorgWarner Inc. will post 3.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 30th. BorgWarner’s dividend payout ratio is currently 49.28%.

A number of research analysts have recently issued reports on BWA shares. Deutsche Bank raised their price objective on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, August 22nd. Jefferies Group reaffirmed a “buy” rating and set a $56.00 price objective on shares of BorgWarner in a research note on Tuesday, August 29th. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price objective on shares of BorgWarner in a research note on Friday, September 1st. Finally, ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. BorgWarner presently has an average rating of “Hold” and a consensus target price of $48.88.

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BorgWarner Company Profile

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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