Hsbc Holdings PLC Acquires 652,097 Shares of BorgWarner Inc. (NYSE:BWA)

Hsbc Holdings PLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 86.0% during the second quarter, HoldingsChannel reports. The fund owned 1,410,411 shares of the auto parts company’s stock after acquiring an additional 652,097 shares during the quarter. Hsbc Holdings PLC’s holdings in BorgWarner were worth $45,576,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in shares of BorgWarner in the first quarter worth approximately $30,000. LRI Investments LLC lifted its stake in BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new position in BorgWarner during the 2nd quarter worth $32,000. Olistico Wealth LLC bought a new stake in shares of BorgWarner in the 2nd quarter worth $35,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of BorgWarner by 12,144.4% in 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 own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction 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 owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated 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 $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BWA has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Bank of America cut 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $36.00 price objective on shares of BorgWarner in a research note on Tuesday, September 10th. Finally, Robert W. Baird lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Stock Down 2.1 %

BWA opened at $33.40 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $41.50. The company has a market cap of $7.61 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. 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 company has a 50 day moving average of $32.86 and a 200 day moving average of $33.57.

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, beating the consensus estimate of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. On average, sell-side analysts expect that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a $0.11 dividend. 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 1.32%. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

BorgWarner Company 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.