BorgWarner (BWA) : Catawba Capital Management Va reduced its stake in BorgWarner by 1.11% during the most recent quarter end. The investment management company now holds a total of 150,175 shares of BorgWarner which is valued at $5,359,746 after selling 1,692 shares in BorgWarner , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.BorgWarner makes up approximately 1.29% of Catawba Capital Management Va’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in BWA during the most recent quarter. The investment firm sold 1,723 shares of BWA which is valued $61,494.Bnp Paribas Arbitrage Sa boosted its stake in BWA in the latest quarter, The investment management firm added 16,289 additional shares and now holds a total of 301,164 shares of BorgWarner which is valued at $10,932,253. BorgWarner makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in BWA by selling 17,833 shares or 9.54% in the most recent quarter. The Hedge Fund company now holds 169,070 shares of BWA which is valued at $6,137,241. BorgWarner makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank reduced its stake in BWA by selling 33 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 4,021 shares of BWA which is valued at $145,962. BorgWarner makes up approx 0.04% of Washington Trust Bank’s portfolio.
BorgWarner opened for trading at $35.38 and hit $35.76 on the upside on Friday, eventually ending the session at $35.69, with a gain of 0.51% or 0.18 points. The heightened volatility saw the trading volume jump to 37,06,349 shares. Company has a market cap of $7,647 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.
Many Wall Street Analysts have commented on BorgWarner. BorgWarner was Initiated by Seaport Global Securities to “Neutral” on Aug 9, 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.