BorgWarner Inc. (NYSE:BWA) Stock Holdings Increased by Kendall Capital Management

Kendall Capital Management boosted its position in BorgWarner Inc. (NYSE:BWA) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,290 shares of the auto parts company’s stock after buying an additional 1,100 shares during the quarter. Kendall Capital Management’s holdings in BorgWarner were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Principal Securities Inc. bought a new stake in BorgWarner in the fourth quarter valued at about $46,000. Janney Montgomery Scott LLC bought a new position in shares of BorgWarner during the fourth quarter valued at approximately $1,018,000. Panagora Asset Management Inc. grew its holdings in shares of BorgWarner by 12.7% during the fourth quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock valued at $543,000 after purchasing an additional 1,709 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of BorgWarner by 4.2% during the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 353 shares during the last quarter. Finally, Norges Bank bought a new position in shares of BorgWarner during the fourth quarter valued at approximately $75,489,000. 95.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 in the company, valued at approximately $1,472,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 in the company, valued at approximately $1,472,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of the 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 sale, the chief accounting officer now owns 206,083 shares of the company’s stock, 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 insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, August 5th. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Robert W. Baird upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Citigroup lowered their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Stock Performance

BWA opened at $32.73 on Thursday. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $42.27. The business has a 50 day moving average price of $32.83 and a two-hundred day moving average price of $33.57.

BorgWarner (NYSE:BWA) last released its 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. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 earnings per share. Research analysts predict that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 yield of 1.34%. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

BorgWarner 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.