NEW YORK, May 8, 2017 /PRNewswire/ --
Stock-Callers.com is currently monitoring these four Auto Parts companies: BorgWarner Inc. (NYSE: BWA), American Axle & Manufacturing Holdings Inc. (NYSE: AXL), Dana Inc. (NYSE: DAN), and Tenneco Inc. (NYSE: TEN). Demand for auto parts is driven by new car sales, which are strongly affected by interest rates and the replacement market. Company profitability depends partly on the difficulty of manufacturing products and partly on demand volume, since many costs are fixed. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Last Friday, shares in Auburn Hills, Michigan headquartered BorgWarner Inc. ended the session 0.97% higher at $41.73. The stock recorded a trading volume of 1.38 million shares. The Company's shares have advanced 9.30% in the last month, 3.13% in the previous three months, and 6.16% since the start of this year. The stock is trading 1.58% above its 50-day moving average and 10.84% above its 200-day moving average. Moreover, shares of BorgWarner, which provides solutions for combustion, hybrid, and electric vehicles worldwide, have a Relative Strength Index (RSI) of 56.87.
On April 27th, 2017, the board of directors of BorgWarner declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is payable on June 15th, 2017 to shareholders of record on June 01st, 2017. Visit us today and access our complete research report on BWA at:
American Axle & Manufacturing
Detroit, Michigan headquartered American Axle & Manufacturing Holdings Inc.'s stock jumped 5.59%, to close the day at $17.57. A total volume of 2.69 million shares was traded, which was above their three months average of 1.48 million shares. The Company's shares have advanced 4.09% in the past month. The stock is trading 2.04% below its 200-day moving average. Additionally, shares of American Axle & Manufacturing, which together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the US, Canada, Mexico, South America, Asia, Europe, and internationally, have an RSI of 50.45.
On May 05th, 2017, the Company reported its financial results for Q1 2017. Sales for the three months ended March 31st, 2017 were $1.05 billion, gross profit was $210.7 million, net income was $78.4 million, and net cash provided by operating activities was $62.3 million. Additionally, diluted EPS for the quarter were $0.99, adjusted EPS was $1.03, adjusted EBITDA was $183.6 million, and adjusted free cash flow was $60.5 million. The complimentary report on AXL can be downloaded at:
Shares in Maumee, Ohio headquartered Dana Inc. recorded a trading volume of 1.14 million shares at the close of the last trading session. The stock ended the day 1.48% higher at $20.55. The Company's shares have advanced 15.45% in the last one month, 2.72% over the previous three months, and 8.62% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.99% and 20.45%, respectively. Furthermore, shares of Dana, which manufactures and sells driveline, sealing, and thermal-management products for vehicle manufacturers in North America, Europe, South America, and Asia/Pacific, have an RSI of 71.10.
On April 27th, 2017, Dana announced that the Company's board of directors has declared a quarterly dividend of $0.06 per share on its common stock, payable on June 02nd, 2017 to holders of Dana's common stock as of May 12th, 2017. Register for free on Stock-Callers.com and access the latest research report on DAN at:
Lake Forest, Illinois headquartered Tenneco Inc.'s shares finished Friday's session 0.54% lower at $57.58. A total volume of 811,158 shares was traded, which was higher than their three months average volume of 617,510 shares. The stock is trading below its 200-day moving average by 4.04%. Furthermore, shares of Tenneco, which designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide, have an RSI of 37.33.
On May 02nd, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $67 a share to $71 a share.
On May 04th, 2017, Tenneco announced that it was named Diversity Supplier of the Year by FCA US LLC during its annual Supplier of the Year awards ceremony held on Tuesday, May 02nd, 2017, at MotorCity Casino Hotel in Detroit, Michigan. FCA US honored 16 North American supplier partners that have shown an extraordinary commitment to innovation, quality, warranty, cost, delivery, and the FCA Foundational Principles. Get free access to your research report on TEN at:
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