Mercer Global Advisors Inc. ADV Takes Position in BorgWarner Inc. (BWA)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the first quarter, HoldingsChannel.com reports. The firm purchased 20,131 shares of the auto parts company’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BWA. Oregon Public Employees Retirement Fund grew its position in BorgWarner by 3,261.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,895,153 shares of the auto parts company’s stock valued at $112,000 after acquiring an additional 3,779,264 shares during the last quarter. Norges Bank bought a new position in BorgWarner during the fourth quarter valued at approximately $74,908,000. JPMorgan Chase & Co. grew its position in BorgWarner by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 6,635,725 shares of the auto parts company’s stock valued at $283,875,000 after acquiring an additional 1,661,618 shares during the last quarter. Harris Associates L P grew its position in BorgWarner by 29.8% during the fourth quarter. Harris Associates L P now owns 6,663,643 shares of the auto parts company’s stock valued at $231,495,000 after acquiring an additional 1,530,716 shares during the last quarter. Finally, FMR LLC grew its position in BorgWarner by 133.6% during the fourth quarter. FMR LLC now owns 2,625,297 shares of the auto parts company’s stock valued at $91,202,000 after acquiring an additional 1,501,562 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

In other BorgWarner news, VP Joel Wiegert sold 6,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $38.74, for a total value of $232,440.00. Following the completion of the transaction, the vice president now owns 27,420 shares in the company, valued at $1,062,250.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas T. Stallkamp sold 3,124 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $42.00, for a total value of $131,208.00. Following the completion of the transaction, the director now owns 4,033 shares of the company’s stock, valued at approximately $169,386. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,784 shares of company stock valued at $1,230,456. 0.75% of the stock is owned by corporate insiders.

BWA opened at $43.50 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.35 and a beta of 1.72. BorgWarner Inc. has a 12-month low of $32.46 and a 12-month high of $54.35.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 14th. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.14. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. BorgWarner had a return on equity of 22.70% and a net margin of 8.84%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, equities analysts predict that BorgWarner Inc. will post 4.21 earnings per share for the current year.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of BorgWarner from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research cut shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. Morgan Stanley set a $49.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research report on Friday, February 15th. Robert W. Baird upgraded shares of BorgWarner to a “top pick” rating in a research report on Friday, February 15th. Finally, Seaport Global Securities started coverage on shares of BorgWarner in a research report on Wednesday, February 13th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. BorgWarner has a consensus rating of “Buy” and an average target price of $48.75.

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BorgWarner Company 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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