Mount Yale Investment Advisors LLC Sells 22,283 Shares of BorgWarner Inc. (NYSE:BWA)

Mount Yale Investment Advisors LLC reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,110 shares of the auto parts company’s stock after selling 22,283 shares during the quarter. Mount Yale Investment Advisors LLC owned 0.07% of BorgWarner worth $4,904,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BWA. Riverview Trust Co bought a new position in BorgWarner during the 1st quarter worth approximately $30,000. LRI Investments LLC boosted its stake in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC bought a new position in shares of BorgWarner in the second quarter worth approximately $32,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner in the second quarter worth $35,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after buying an additional 1,093 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BWA has been the topic of a number of recent analyst reports. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company reduced their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Wolfe Research assumed coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Robert W. Baird boosted their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Barclays upped their target price on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Activity

In related news, CAO Tonit M. Calaway sold 10,868 shares of the company’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 transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner 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 completion of the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now 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 Stock Down 2.1 %

Shares of BorgWarner stock opened at $33.40 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $41.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The company has a 50-day moving average of $32.87 and a 200 day moving average of $33.60. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.87 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.18. The firm had revenue of $3.60 billion during 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 last year, the business earned $1.35 earnings per share. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. BorgWarner’s dividend payout ratio is currently 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.