Oppenheimer & Co. Inc. Purchases 13,521 Shares of BorgWarner Inc. (NYSE:BWA)

Oppenheimer & Co. Inc. lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 43.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,626 shares of the auto parts company’s stock after purchasing an additional 13,521 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BorgWarner were worth $1,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. Deutsche Bank AG increased its holdings in BorgWarner by 15.2% during the 3rd quarter. Deutsche Bank AG now owns 815,174 shares of the auto parts company’s stock worth $32,909,000 after purchasing an additional 107,525 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of BorgWarner by 23.2% in the third quarter. Wellington Management Group LLP now owns 1,910,622 shares of the auto parts company’s stock valued at $77,132,000 after purchasing an additional 360,186 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of BorgWarner during the fourth quarter valued at about $82,000. First Hawaiian Bank boosted its holdings in BorgWarner by 6.8% during the fourth quarter. First Hawaiian Bank now owns 21,845 shares of the auto parts company’s stock worth $783,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of BorgWarner by 3.4% in the fourth quarter. Nordea Investment Management AB now owns 1,844,607 shares of the auto parts company’s stock valued at $66,277,000 after acquiring an additional 59,974 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 0.1 %

Shares of NYSE:BWA opened at $33.12 on Monday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $47.05. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.88 and a beta of 1.22. The stock has a fifty day simple moving average of $34.46 and a two-hundred day simple moving average of $33.60. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. On average, research analysts anticipate that BorgWarner Inc. will post 4.05 earnings per share for the current fiscal year.

BorgWarner announced that its board has initiated a share buyback plan on Thursday, May 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, June 3rd. BorgWarner’s payout ratio is currently 16.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BWA shares. Robert W. Baird reduced their price objective on BorgWarner from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group lifted their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Barclays increased their price objective on BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, May 6th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Finally, Wells Fargo & Company decreased their price objective on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.19.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.