Schafer Cullen Capital Management Inc Acquires 402 Shares of BorgWarner Inc. (NYSE:BWA)

Schafer Cullen Capital Management Inc boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,671 shares of the auto parts company’s stock after purchasing an additional 402 shares during the period. Schafer Cullen Capital Management Inc owned about 0.05% of BorgWarner worth $4,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. lifted its stake in BorgWarner by 0.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,941,932 shares of the auto parts company’s stock valued at $381,870,000 after acquiring an additional 33,410 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in BorgWarner by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 7,208,112 shares of the auto parts company’s stock valued at $276,862,000 after acquiring an additional 198,641 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its stake in BorgWarner by 9.6% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,075,000 shares of the auto parts company’s stock valued at $233,341,000 after acquiring an additional 530,000 shares during the last quarter. Victory Capital Management Inc. lifted its stake in BorgWarner by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,159,790 shares of the auto parts company’s stock valued at $198,188,000 after acquiring an additional 317,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in BorgWarner by 31.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,636,739 shares of the auto parts company’s stock valued at $126,343,000 after acquiring an additional 879,547 shares during the last quarter. 90.12% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BWA traded down $0.98 during mid-day trading on Friday, reaching $34.00. 78,781 shares of the company were exchanged, compared to its average volume of 2,093,767. The firm’s 50-day moving average is $39.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31. The company has a market capitalization of $7.10 billion, a PE ratio of 7.57, a P/E/G ratio of 1.14 and a beta of 1.82. BorgWarner Inc. has a twelve month low of $32.46 and a twelve month high of $46.97.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The business’s revenue was down 5.3% on a year-over-year basis. As a group, analysts expect that BorgWarner Inc. will post 3.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, August 30th. BorgWarner’s dividend payout ratio (DPR) is 15.18%.

A number of analysts have commented on BWA shares. Cowen set a $47.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research note on Friday, July 19th. Robert W. Baird set a $51.00 price target on shares of BorgWarner and gave the company a “buy” rating in a research note on Friday, July 26th. Credit Suisse Group cut their price target on shares of BorgWarner from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Zacks Investment Research cut shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank cut shares of BorgWarner from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $44.00 in a research note on Friday, July 26th. Two research 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. BorgWarner has a consensus rating of “Hold” and a consensus price target of $46.93.

About BorgWarner

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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