BorgWarner Inc. (NYSE:BWA) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its stake in BorgWarner Inc. (NYSE:BWA) by 73.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,531 shares of the auto parts company’s stock after selling 31,499 shares during the quarter. Achmea Investment Management B.V.’s holdings in BorgWarner were worth $372,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of BorgWarner during the fourth quarter worth $46,000. Avantax Advisory Services Inc. increased its holdings in shares of BorgWarner by 5.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 23,135 shares of the auto parts company’s stock valued at $829,000 after acquiring an additional 1,225 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of BorgWarner by 2.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 232,571 shares of the auto parts company’s stock valued at $7,914,000 after acquiring an additional 4,720 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in BorgWarner during the fourth quarter worth approximately $1,018,000. Finally, Panagora Asset Management Inc. lifted its stake in BorgWarner by 12.7% during the fourth quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock worth $543,000 after purchasing an additional 1,709 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on BWA shares. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Robert W. Baird boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Barclays upped 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. Wells Fargo & Company reduced their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, UBS Group raised 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Stock Performance

Shares of BWA opened at $32.21 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $42.27. The stock has a market capitalization of $7.34 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The company’s fifty day moving average is $32.79 and its two-hundred day moving average is $33.53.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion during 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 firm’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. On average, sell-side analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

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.