BorgWarner Inc. (NYSE:BWA) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 17.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,217,195 shares of the auto parts company’s stock after purchasing an additional 324,087 shares during the period. Sei Investments Co. owned approximately 0.97% of BorgWarner worth $71,482,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BWA. SG Americas Securities LLC grew its holdings in BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock worth $1,378,000 after acquiring an additional 15,883 shares during the period. Bessemer Group Inc. grew its stake in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after purchasing an additional 18,640 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of BorgWarner by 19.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock valued at $20,373,000 after purchasing an additional 91,164 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of BorgWarner by 419.7% in the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock valued at $2,311,000 after purchasing an additional 53,721 shares during the period. Finally, Toronto Dominion Bank grew its position in BorgWarner by 33.4% during the first quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after buying an additional 34,488 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA opened at $33.40 on Friday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $41.50. The firm has a market capitalization of $7.61 billion, a PE ratio of 12.65, a PEG ratio of 0.87 and a beta of 1.20. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $32.87 and its 200 day moving average price is $33.60.

BorgWarner (NYSE:BWA) last released its quarterly earnings data 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 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 firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company 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 was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.32%. BorgWarner’s payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. Citigroup reduced their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. UBS Group raised 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. 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 research note on Thursday, August 1st. Finally, Bank of America dropped their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

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 transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

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.