BorgWarner Inc. (NYSE:BWA) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 20.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,412 shares of the auto parts company’s stock after selling 6,804 shares during the period. 1832 Asset Management L.P.’s holdings in BorgWarner were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of BorgWarner in the fourth quarter worth about $1,018,000. Quest Partners LLC acquired a new position in BorgWarner during the 4th quarter worth approximately $40,000. US Bancorp DE raised its stake in shares of BorgWarner by 1.2% during the fourth quarter. US Bancorp DE now owns 99,493 shares of the auto parts company’s stock valued at $3,567,000 after purchasing an additional 1,220 shares during the period. Hsbc Holdings PLC raised its stake in shares of BorgWarner by 50.3% during the fourth quarter. Hsbc Holdings PLC now owns 683,243 shares of the auto parts company’s stock valued at $24,495,000 after purchasing an additional 228,561 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of BorgWarner by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 173,331 shares of the auto parts company’s stock worth $6,214,000 after purchasing an additional 1,321 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BorgWarner

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

BorgWarner Trading Up 3.7 %

NYSE BWA opened at $35.80 on Friday. The firm has a market capitalization of $8.16 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. BorgWarner Inc. has a one year low of $29.51 and a one year high of $41.06. The company has a 50-day simple moving average of $32.95 and a 200-day simple moving average of $33.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the firm earned $1.35 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. On average, equities analysts forecast 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. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BWA shares. Robert W. Baird lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company dropped their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a report on Tuesday, September 10th. UBS Group lifted their price objective on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Profile

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.