November 25, 2016 - By Pete Kolinski · 0 Comments
Borgwarner Inc (NYSE:BWA) institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.36, from 0.8 in 2016Q1. The ratio has increased, as 162 funds opened new and increased positions, while 203 sold and decreased their stakes in Borgwarner Inc. The funds in our partner’s database now possess: 182.28 million shares, down from 193.99 million shares in 2016Q1. Also, the number of funds holding Borgwarner Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 57 Reduced: 146 Increased: 122 New Position: 40.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The company has a market cap of $7.51 billion. The Firm operates through two divisions: Engine and Drivetrain. It has a 14.49 P/E ratio. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems.
The stock increased 0.82% or $0.29 during the last trading session, hitting $35.68. About 1.19 million shares traded hands. BorgWarner Inc. (NYSE:BWA) has declined 8.03% since April 22, 2016 and is downtrending. It has underperformed by 13.44% the S&P500.
Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on February, 9. They expect $0.85 EPS, up 13.33% or $0.10 from last year’s $0.75 per share. BWA’s profit will be $178.91M for 10.49 P/E if the $0.85 EPS becomes a reality. After $0.78 actual EPS reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.
According to Zacks Investment Research, “BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in several countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Caterpillar, Navistar, PSA and VW Group. (Company Press Release)”
Turtle Creek Asset Management Inc. holds 12.03% of its portfolio in BorgWarner Inc. for 993,500 shares. Black Creek Investment Management Inc. owns 1.60 million shares or 4.19% of their US portfolio. Moreover, Crestwood Capital Management L.P. has 3.52% invested in the company for 474,525 shares. The Georgia-based Cornerstone Investment Partners Llc has invested 2.39% in the stock. Alecta Pensionsforsakring Omsesidigt, a Sweden-based fund reported 7.10 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $1.67 million net activity.
Ratings analysis reveals 15% of Borgwarner Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Borgwarner Inc., 2 give it “Buy”, 4 “Sell” rating, while 7 recommend “Hold”. The lowest target is $33 while the high is $62. The stock’s average target of $45.20 is 26.68% above today’s ($35.68) share price. BWA was included in 30 notes of analysts from August 3, 2015. The rating was downgraded by Sterne Agee CRT on Tuesday, February 16 to “Neutral”. Credit Agricole downgraded BorgWarner Inc. (NYSE:BWA) on Thursday, January 14 to “Underperform” rating. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, November 18 report. The stock of BorgWarner Inc. (NYSE:BWA) has “Underperform” rating given on Wednesday, November 9 by Bank of America. The company was upgraded on Tuesday, August 18 by UBS. The firm has “Neutral” rating by Citigroup given on Tuesday, March 29. Barclays Capital maintained BorgWarner Inc. (NYSE:BWA) on Thursday, September 3 with “Equal-Weight” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, October 6 report. The rating was maintained by Susquehanna with “Positive” on Thursday, August 27. The stock of BorgWarner Inc. (NYSE:BWA) has “Outperform” rating given on Friday, September 11 by RBC Capital Markets.
BorgWarner Inc., incorporated on May 4, 1987, is a supplier of engineered automotive systems and components primarily for powertrain applications. The Firm operates through two divisions: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices. The Firm makes and sells the products across the world, to original equipment manufacturers (OEMs) of light vehicles (passenger cars, sport-utility vehicles (SUVs), vans and light trucks). The Firm sells the products to other OEMs of commercial vehicles (medium-duty trucks, heavy-duty trucks and buses) and off-highway vehicles (agricultural and construction machinery and marine applications). The Firm makes and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Firm operates manufacturing facilities serving clients in the Americas, Europe, Africa and Asia.
More important recent BorgWarner Inc. (NYSE:BWA) news were published by: Fool.com which released: “BorgWarner Inc. Q3 Earnings: Good Execution, but Questions Remain” on October 28, 2016, also Prnewswire.com published article titled: “BorgWarner Declares Quarterly Dividend”, Prnewswire.com published: “BorgWarner Launches its First Integrated Electric Drive Module for the …” on November 16, 2016. More interesting news about BorgWarner Inc. (NYSE:BWA) was released by: Prnewswire.com and their article: “BorgWarner Names Patrick Nolan Vice President of Investor Relations” with publication date: November 14, 2016.
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By Pete Kolinski