BorgWarner Inc. (NYSE:BWA) Shares Acquired by Creative Planning

Creative Planning boosted its position in BorgWarner Inc. (NYSE:BWA) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,641 shares of the auto parts company’s stock after purchasing an additional 1,246 shares during the period. Creative Planning’s holdings in BorgWarner were worth $859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWA. Vanguard Group Inc. lifted its holdings in shares of BorgWarner by 1.2% in 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 raised 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 worth $278,190,000 after acquiring an additional 1,640,503 shares in the last quarter. Earnest Partners LLC lifted its holdings in BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of BorgWarner by 361.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Finally, Sei Investments Co. grew its stake 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 last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 0.5 %

BorgWarner stock opened at $35.05 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $39.97. The company’s fifty day simple moving average is $33.47 and its 200-day simple moving average is $33.89. The stock has a market cap of $7.99 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.81 and a beta of 1.20.

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

BorgWarner Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Barclays lifted their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Bank of America reduced their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird upped their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.20.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other BorgWarner 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 transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company 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.