Xponance Inc. Sells 11,700 Shares of BorgWarner Inc. (NYSE:BWA)

Xponance Inc. lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 31.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,344 shares of the auto parts company’s stock after selling 11,700 shares during the period. Xponance Inc.’s holdings in BorgWarner were worth $817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of BorgWarner by 1.2% during the fourth 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. Dimensional Fund Advisors LP increased its position in BorgWarner by 23.5% during 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 purchasing an additional 1,640,503 shares during the period. Earnest Partners LLC raised its holdings in BorgWarner by 1.1% in the 1st quarter. Earnest Partners LLC now owns 3,310,639 shares of the auto parts company’s stock worth $115,012,000 after purchasing an additional 35,709 shares in the last quarter. Sei Investments Co. lifted its position in shares of BorgWarner by 17.1% in the 2nd quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock worth $71,482,000 after purchasing an additional 324,087 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of BorgWarner by 43.5% during 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 purchasing an additional 670,720 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BWA shares. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Barclays raised their target price on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Six 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 has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Trading Up 2.6 %

BorgWarner stock opened at $36.75 on Friday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $41.06. The business’s fifty day moving average is $33.03 and its 200 day moving average is $33.71. 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 stock 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 (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 earnings per share. On average, sell-side analysts predict that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid 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 1.20%. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the company’s 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 completion of the sale, 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 that occurred on Monday, August 5th. The stock was 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. 0.45% of the stock is currently owned by corporate insiders.

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.