Hsbc Holdings PLC Acquires 652,097 Shares of BorgWarner Inc. (NYSE:BWA)

Hsbc Holdings PLC lifted its stake in BorgWarner Inc. (NYSE:BWA) by 86.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,410,411 shares of the auto parts company’s stock after buying an additional 652,097 shares during the period. Hsbc Holdings PLC owned approximately 0.62% of BorgWarner worth $45,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Trillium Asset Management LLC lifted its position in shares of BorgWarner by 2.1% during the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after acquiring an additional 283 shares during the period. Empirical Finance LLC lifted its position in BorgWarner by 3.5% during the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BorgWarner by 1.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after buying an additional 335 shares in the last quarter. First Pacific Financial raised its position in shares of BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after buying an additional 340 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of BorgWarner by 3.8% during the 1st quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,472,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Down 2.1 %

Shares of NYSE BWA opened at $33.40 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $41.50. 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 50 day moving average price is $32.86 and its 200-day moving average price is $33.57. The company has a market capitalization of $7.61 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20.

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

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Robert W. Baird increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Citigroup reduced their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.07.

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.