Sienna Gestion Grows Holdings in BorgWarner Inc. (NYSE:BWA)

Sienna Gestion boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,753 shares of the auto parts company’s stock after acquiring an additional 1,072 shares during the period. Sienna Gestion’s holdings in BorgWarner were worth $4,375,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $46,000. Janney Montgomery Scott LLC purchased a new stake in shares of BorgWarner in the fourth quarter worth $1,018,000. Panagora Asset Management Inc. grew its stake in shares of BorgWarner by 12.7% in the fourth quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock worth $543,000 after acquiring an additional 1,709 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of BorgWarner by 4.2% during the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 353 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of BorgWarner in the 4th quarter worth about $75,489,000. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research note on Tuesday, September 10th. UBS Group raised their price target on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Bank of America lowered their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Barclays upped their price target on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $32.73 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.46 billion, a P/E ratio of 12.40, a PEG ratio of 0.87 and a beta of 1.20. The company has a 50-day moving average price of $32.83 and a 200-day moving average price of $33.57. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $42.27.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.34%. BorgWarner’s payout ratio is currently 16.67%.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.