ACK Asset Management Buys 600,000 BorgWarner Shares
ACK Asset Management LLC acquired 600,000 shares of BorgWarner, valued at about $39.84 million, and held roughly 0.29% at the end of the most recent quarter. BorgWarner reported $1.42 EPS for the quarter, beating analysts’ $1.28 estimate, and received repurchase authorization to buy up to 7.7% of its stock via open market purchases.