Sprucegrove Investment Management Ltd. Has $20.11 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Sprucegrove Investment Management Ltd. increased its holdings in BorgWarner Inc. (NYSE:BWA) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 623,627 shares of the auto parts company’s stock after buying an additional 8,200 shares during the quarter. BorgWarner comprises approximately 1.0% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 18th largest holding. Sprucegrove Investment Management Ltd.’s holdings in BorgWarner were worth $20,106,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BWA. Riverview Trust Co acquired a new stake in shares of BorgWarner during the first quarter worth approximately $30,000. LRI Investments LLC grew its stake in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $32,000. Olistico Wealth LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $35,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the firm’s 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 completion of the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BWA. Wells Fargo & Company decreased 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. UBS Group increased their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $36.00 price target on shares of BorgWarner in a research note on Tuesday, September 10th. Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Barclays raised 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Stock Performance

Shares of BWA opened at $34.11 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $7.77 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. The firm’s fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $33.56. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $42.27.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. As a group, analysts predict that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

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.