BorgWarner (BWA) : Diversified Trust Co reduced its stake in BorgWarner by 9.94% during the most recent quarter end. The investment management company now holds a total of 63,425 shares of BorgWarner which is valued at $2,169,769 after selling 7,000 shares in BorgWarner , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.BorgWarner makes up approximately 0.30% of Diversified Trust Co’s portfolio.
Other Hedge Funds, Including , Seaward Management Limited Partnership sold out all of its stake in BWA during the most recent quarter. The investment firm sold 5,468 shares of BWA which is valued $187,060.Hermes Investment Management Ltd boosted its stake in BWA in the latest quarter, The investment management firm added 80,776 additional shares and now holds a total of 448,260 shares of BorgWarner which is valued at $14,801,545. BorgWarner makes up approx 0.29% of Hermes Investment Management Ltd’s portfolio.Shinko Asset Management Ltd. boosted its stake in BWA in the latest quarter, The investment management firm added 651 additional shares and now holds a total of 10,321 shares of BorgWarner which is valued at $340,799.Advocacy Wealth Management Services reduced its stake in BWA by selling 40 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 497 shares of BWA which is valued at $15,988. BorgWarner makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.
BorgWarner opened for trading at $32.56 and hit $33.56 on the upside on Friday, eventually ending the session at $33.18, with a gain of 2.12% or 0.69 points. The heightened volatility saw the trading volume jump to 34,41,277 shares. Company has a market cap of $7,221 M.
On the company’s financial health, BorgWarner reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.82. The company had revenue of $2329.20 million for the quarter, compared to analysts expectations of $2322.97 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Investors should note that on Jul 26, 2016, BorgWarner announced a cash dividend of $0.1300. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.
Many Wall Street Analysts have commented on BorgWarner. BorgWarner was Downgraded by BofA/Merrill to ” Neutral” on Jun 21, 2016.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’ develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas Europe and Asia and is an equipment supplier to automotive OEM.