Empowered Funds LLC Sells 5,785 Shares of BorgWarner Inc. (NYSE:BWA)

Empowered Funds LLC cut its holdings in BorgWarner Inc. (NYSE:BWA) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,189 shares of the auto parts company’s stock after selling 5,785 shares during the quarter. BorgWarner comprises 1.1% of Empowered Funds LLC’s portfolio, making the stock its 20th largest position. Empowered Funds LLC’s holdings in BorgWarner were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 223.3% during the 3rd quarter. Pacer Advisors Inc. now owns 64,558 shares of the auto parts company’s stock worth $2,368,000 after purchasing an additional 44,588 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of BorgWarner by 262.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,074 shares of the auto parts company’s stock worth $223,000 after buying an additional 4,396 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of BorgWarner by 12.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 374,637 shares of the auto parts company’s stock worth $13,742,000 after buying an additional 41,055 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of BorgWarner by 93.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 112,515 shares of the auto parts company’s stock worth $4,126,000 after buying an additional 54,270 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of BorgWarner by 1.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 383,121 shares of the auto parts company’s stock worth $16,083,000 after buying an additional 5,664 shares during the period. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BWA traded down $2.62 during trading on Tuesday, reaching $35.74. The company’s stock had a trading volume of 5,527,825 shares, compared to its average volume of 1,041,271. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. BorgWarner Inc. has a 12 month low of $30.71 and a 12 month high of $46.60. The firm has a 50 day moving average price of $42.61 and a 200 day moving average price of $39.35.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. On average, equities analysts forecast that BorgWarner Inc. will post 3.93 EPS for the current fiscal year.

Several analysts recently commented on the stock. Barclays reaffirmed a “buy” rating and set a $46.00 target price on shares of BorgWarner in a report on Sunday, November 3rd. Morgan Stanley lifted their target price on shares of BorgWarner from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. ValuEngine raised shares of BorgWarner from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Wolfe Research downgraded shares of BorgWarner from an “outperform” rating to a “peer perform” rating and cut their price objective for the company from $50.00 to $46.00 in a report on Friday, November 22nd. Finally, Oppenheimer set a $47.00 price objective on shares of BorgWarner and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.93.

BorgWarner 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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