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Reinhart Partners Has Trimmed Borg Warner (BWA) Holding; 3 Analysts Covering EastGroup Properties, Inc. (EGP)

EastGroup Properties, Inc. (NYSE:EGP) Logo

Among 15 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 3 have Buy rating, 0 Sell and 12 Hold. Therefore 20% are positive. Eastgroup Properties Inc. had 35 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, July 22 by Sandler O’Neill. The stock of EastGroup Properties, Inc. (NYSE:EGP) earned “Buy” rating by Bank of America on Monday, November 6. Zacks downgraded EastGroup Properties, Inc. (NYSE:EGP) on Friday, August 21 to “Buy” rating. The rating was upgraded by SunTrust on Monday, January 22 to “Hold”. The rating was upgraded by Stifel Nicolaus on Friday, June 1 to “Buy”. The company was maintained on Tuesday, September 8 by Evercore. The stock of EastGroup Properties, Inc. (NYSE:EGP) earned “Neutral” rating by Cantor Fitzgerald on Monday, October 23. BMO Capital Markets maintained EastGroup Properties, Inc. (NYSE:EGP) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $70 target. The stock of EastGroup Properties, Inc. (NYSE:EGP) earned “Hold” rating by Cantor Fitzgerald on Tuesday, July 25. The stock has “Neutral” rating by Citigroup on Monday, October 30. See EastGroup Properties, Inc. (NYSE:EGP) latest ratings:

01/06/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Upgrade
07/02/2018 Broker: Sandler O’Neill Rating: Buy New Target: $95.0 Maintain
04/02/2018 Broker: Mizuho Rating: Hold New Target: $90.0 Maintain
22/01/2018 Broker: SunTrust Rating: Hold Upgrade

Reinhart Partners Inc decreased Borg Warner Inc (BWA) stake by 24.86% reported in 2018Q1 SEC filing. Reinhart Partners Inc sold 82,156 shares as Borg Warner Inc (BWA)’s stock declined 0.87%. The Reinhart Partners Inc holds 248,347 shares with $12.47 million value, down from 330,503 last quarter. Borg Warner Inc now has $10.13B valuation. The stock decreased 1.21% or $0.59 during the last trading session, reaching $48.23. About 1.91 million shares traded or 33.27% up from the average. BorgWarner Inc. (NYSE:BWA) has risen 27.28% since June 18, 2017 and is uptrending. It has outperformed by 14.71% the S&P500. Some Historical BWA News: ; 13/03/2018 – BorgWarner’s Latest Eco-Launchâ„¢ Stop/start Technology Delivers Quick, Smooth Restarts for Ford FWD Vehicles; 26/04/2018 – BorgWarner Declares Quarterly Dividend; 22/03/2018 – BORGWARNER INC BWA.N : MORGAN STANLEY RAISES TO OVERWEIGHT FROM UNDERWEIGHT; 02/05/2018 – BorgWarner Chief Legal Officer John J. Gasparovic Retires; 22/04/2018 – DJ BorgWarner Inc, Inst Holders, 1Q 2018 (BWA); 26/04/2018 – BorgWarner 1Q Net $225M; 11/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial Services Grou; 10/04/2018 – BorgWarner Receives 2018 Automotive News PACE Award for Innovative Electric Motor Technology; 26/04/2018 – BorgWarner Sees FY Sales $10.77B-$10.94B; 13/03/2018 – BorgWarner: Technology Available in Growing Line-Up of Ford Vehicles With 8-Speed Transmissions

More notable recent BorgWarner Inc. (NYSE:BWA) news were published by: Prnewswire.com which released: “Johnson Fistel, Announces Investigation of BorgWarner Inc. (BWA) and Filing of Securities Class Action Lawsuit …” on June 16, 2018, also Businesswire.com with their article: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of BorgWarner Inc. Investors (BWA)” published on June 15, 2018, Seekingalpha.com published: “BorgWarner Looks Well-Positioned And Undervalued” on May 31, 2018. More interesting news about BorgWarner Inc. (NYSE:BWA) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of BorgWarner Inc. (BWA)” published on June 15, 2018 as well as Businesswire.com‘s news article titled: “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of BorgWarner Inc. Investors …” with publication date: June 15, 2018.

Reinhart Partners Inc increased Gms Inc Com stake by 35,820 shares to 94,050 valued at $2.87M in 2018Q1. It also upped Amerco Com (NASDAQ:UHAL) stake by 23,103 shares and now owns 86,513 shares. Entergy (NYSE:ETR) was raised too.

Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on July, 26. They expect $1.11 earnings per share, up 15.63% or $0.15 from last year’s $0.96 per share. BWA’s profit will be $233.21 million for 10.86 P/E if the $1.11 EPS becomes a reality. After $1.10 actual earnings per share reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 0.91% EPS growth.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.19, from 0.97 in 2017Q4. It worsened, as 50 investors sold BWA shares while 193 reduced holdings. 51 funds opened positions while 138 raised stakes. 192.10 million shares or 2.22% less from 196.45 million shares in 2017Q4 were reported. Envestnet Asset Mngmt, a Illinois-based fund reported 59,259 shares. Black Creek Inv Mgmt Inc holds 5.42% or 3.30 million shares in its portfolio. Northwestern Mutual Wealth Mgmt invested in 0% or 6,151 shares. Gateway Invest Advisers Ltd stated it has 0.01% in BorgWarner Inc. (NYSE:BWA). Profund Advisors Ltd Liability owns 0.01% invested in BorgWarner Inc. (NYSE:BWA) for 4,946 shares. 791,316 were reported by Ameriprise Fincl Inc. Deutsche Natl Bank Ag holds 0.04% of its portfolio in BorgWarner Inc. (NYSE:BWA) for 1.35 million shares. 3,574 are held by Federated Inc Pa. Cubist Systematic Strategies Ltd Liability holds 16,191 shares. Smithfield holds 0% in BorgWarner Inc. (NYSE:BWA) or 119 shares. Macquarie Group Limited reported 581,003 shares. Community Fin Gp Ltd Co has 0.08% invested in BorgWarner Inc. (NYSE:BWA). State Of Tennessee Treasury Department owns 0.04% invested in BorgWarner Inc. (NYSE:BWA) for 167,524 shares. Verition Fund Management invested in 0.02% or 5,318 shares. Citadel Llc holds 0.01% or 300,180 shares in its portfolio.

Among 25 analysts covering Borgwarner Inc. (NYSE:BWA), 10 have Buy rating, 3 Sell and 12 Hold. Therefore 40% are positive. Borgwarner Inc. had 79 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Northcoast given on Wednesday, December 14. On Wednesday, November 18 the stock rating was upgraded by Goldman Sachs to “Buy”. Deutsche Bank maintained the shares of BWA in report on Friday, July 31 with “Hold” rating. Robert W. Baird maintained BorgWarner Inc. (NYSE:BWA) on Monday, October 2 with “Buy” rating. Robert W. Baird maintained the shares of BWA in report on Friday, June 8 with “Buy” rating. The firm has “Equal-Weight” rating given on Friday, October 20 by Barclays Capital. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, March 22 report. The stock has “Equalweight” rating by Barclays Capital on Monday, January 25. The company was maintained on Tuesday, August 8 by Deutsche Bank. The firm has “Buy” rating given on Friday, April 27 by Robert W. Baird.

EastGroup Properties, Inc., is a real estate investment trust. The company has market cap of $3.30 billion. The firm invests in real estate markets of the United States. It has a 32.81 P/E ratio. It is focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

The stock increased 0.31% or $0.29 during the last trading session, reaching $94.7. About 348,488 shares traded or 56.96% up from the average. EastGroup Properties, Inc. (NYSE:EGP) has risen 12.27% since June 18, 2017 and is uptrending. It has underperformed by 0.30% the S&P500. Some Historical EGP News: ; 19/04/2018 – EASTGROUP PROPERTIES INC EGP.N SEES FY 2018 FFO SHR $4.51 TO $4.61; 19/04/2018 – EASTGROUP SEES 2Q FFO/SHR $1.11 TO $1.13, EST. $1.13; 22/04/2018 – DJ EastGroup Properties Inc, Inst Holders, 1Q 2018 (EGP); 19/04/2018 – EASTGROUP PROPERTIES INC EGP.N FY2018 FFO SHR VIEW $4.51 — THOMSON REUTERS l/B/E/S; 24/05/2018 – EastGroup Properties Announces 154th Consecutive Quarterly Cash Dividend; 19/04/2018 – EASTGROUP SEES FY FFO/SHR $4.51 TO $4.61, EST. $4.51; 19/04/2018 – EastGroup 1Q EPS 83c; 05/03/2018 EastGroup Properties Announces Presentation At Citi 2018 Global Property CEO Conference; 14/05/2018 – EASTGROUP PROPERTIES INC EGP.N : WELLS FARGO RAISES TARGET PRICE TO $96 FROM $91; 19/04/2018 – EASTGROUP 1Q FFO/SHR $1.16, EST. $1.10

Since February 8, 2018, it had 1 insider buy, and 3 sales for $415,623 activity. Shares for $512,528 were sold by COLEMAN JOHN F on Tuesday, April 24. Another trade for 3,000 shares valued at $240,161 was bought by GOULD FREDRIC H. HOSTER DAVID H II also sold $96,368 worth of EastGroup Properties, Inc. (NYSE:EGP) on Wednesday, May 30. EAVES HAYDEN C III sold $46,888 worth of stock.

BorgWarner Inc. (NYSE:BWA) Institutional Positions Chart

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