BorgWarner Inc. (NYSE:BWA) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 301,623 shares of the auto parts company’s stock after buying an additional 12,873 shares during the period. Bank of Montreal Can owned approximately 0.13% of BorgWarner worth $9,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWA. 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. Dimensional Fund Advisors LP lifted its position in BorgWarner by 23.5% in the second 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 boosted 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 valued at $115,012,000 after purchasing an additional 35,709 shares in the last quarter. Sei Investments Co. boosted its holdings in BorgWarner by 17.1% in the 2nd quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock valued at $71,482,000 after purchasing an additional 324,087 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in 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 worth $79,359,000 after purchasing an additional 670,720 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner 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 transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Price Performance

NYSE:BWA opened at $36.75 on Monday. 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 firm has a market cap of $8.37 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. The company’s 50-day moving average is $33.03 and its two-hundred day moving average is $33.72. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $41.06.

BorgWarner (NYSE:BWA) last issued 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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. Research analysts expect 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 paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Bank of America decreased their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. UBS Group boosted their price target on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays boosted their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.