DekaBank Deutsche Girozentrale Decreases Position in BorgWarner Inc. (NYSE:BWA)

DekaBank Deutsche Girozentrale trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 68.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,321 shares of the auto parts company’s stock after selling 21,947 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in BorgWarner were worth $329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in shares of BorgWarner in the 1st quarter valued at $30,000. LRI Investments LLC lifted its position in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new position in BorgWarner in the second quarter valued at $32,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner during the second quarter worth about $35,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,093 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Down 2.1 %

BorgWarner stock opened at $33.40 on Friday. The stock’s 50 day moving average price is $32.86 and its 200 day moving average price is $33.57. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $41.50. The company has a market cap of $7.61 billion, a PE ratio of 12.65, 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 (NYSE:BWA) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS 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 net margin of 4.97% and a return on equity of 15.50%. The business’s revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. On average, sell-side analysts predict that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued 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 1.32%. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Insider Activity

In related news, CAO Tonit M. Calaway sold 10,868 shares of the company’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 value of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction dated 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 directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 2,066 shares of the firm’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 owns 46,016 shares of the company’s stock, valued at $1,472,512. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on BWA shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a research report on Tuesday, September 10th. UBS Group increased their price objective on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Barclays raised their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird upped 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. Finally, Wells Fargo & Company lowered their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

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.