BorgWarner Inc. (NYSE:BWA) Stock Position Lowered by Blair William & Co. IL

Blair William & Co. IL lessened its position in BorgWarner Inc. (NYSE:BWA) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,462 shares of the auto parts company’s stock after selling 750 shares during the quarter. Blair William & Co. IL’s holdings in BorgWarner were worth $273,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BWA. Dimensional Fund Advisors LP lifted its position in shares of BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in BorgWarner by 43.5% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock valued at $79,359,000 after buying an additional 670,720 shares during the period. Swedbank AB acquired a new position in BorgWarner in the 1st quarter valued at approximately $14,022,000. Vanguard Group Inc. increased its stake in BorgWarner by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after buying an additional 331,401 shares during the period. Finally, AMF Tjanstepension AB acquired a new position in BorgWarner in the 2nd quarter valued at approximately $9,075,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA opened at $36.75 on Friday. The company has a market capitalization of $8.37 billion, a PE ratio of 13.92, 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 debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The company’s fifty day moving average price is $33.03 and its 200 day moving average price is $33.70.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. As a group, analysts expect that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Dividend Announcement

The business 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 annualized dividend and a yield of 1.20%. BorgWarner’s dividend payout ratio is 16.67%.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction dated 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 $6,541,074.42. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup dropped their price objective on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. UBS Group upped their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays upped their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company dropped their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

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.