BorgWarner Inc. (NYSE:BWA) Shares Acquired by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 27,617 shares of the auto parts company’s stock after buying an additional 2,800 shares during the period. Hanson & Doremus Investment Management’s holdings in BorgWarner were worth $1,198,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BWA. Pictet Asset Management Ltd. boosted its stake in BorgWarner by 32.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 95,970 shares of the auto parts company’s stock worth $4,029,000 after purchasing an additional 23,700 shares during the last quarter. MML Investors Services LLC boosted its stake in BorgWarner by 30.6% during the 2nd quarter. MML Investors Services LLC now owns 12,010 shares of the auto parts company’s stock worth $504,000 after purchasing an additional 2,815 shares during the last quarter. AXA boosted its stake in BorgWarner by 2.5% during the 2nd quarter. AXA now owns 55,334 shares of the auto parts company’s stock worth $2,323,000 after purchasing an additional 1,340 shares during the last quarter. HighTower Advisors LLC boosted its stake in BorgWarner by 3.3% during the 2nd quarter. HighTower Advisors LLC now owns 38,707 shares of the auto parts company’s stock worth $1,625,000 after purchasing an additional 1,233 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in BorgWarner by 143.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,800 shares of the auto parts company’s stock worth $327,000 after purchasing an additional 4,600 shares during the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on BWA shares. Royal Bank of Canada set a $41.00 price objective on shares of BorgWarner and gave the company a “hold” rating in a report on Friday, November 1st. Oppenheimer set a $47.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a research note on Friday, November 1st. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a report on Tuesday, November 5th. Morgan Stanley increased their price target on shares of BorgWarner from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, ValuEngine upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.36.

BWA traded up $0.33 during trading hours on Thursday, reaching $41.62. The company’s stock had a trading volume of 390,453 shares, compared to its average volume of 963,355. BorgWarner Inc. has a fifty-two week low of $30.71 and a fifty-two week high of $46.60. The stock has a market cap of $8.62 billion, a PE ratio of 9.29, a P/E/G ratio of 1.30 and a beta of 1.85. The business’s 50-day moving average is $43.07 and its 200-day moving average is $39.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.26.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. BorgWarner had a return on equity of 19.43% and a net margin of 7.43%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that BorgWarner Inc. will post 3.94 EPS for the current year.

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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