Sienna Gestion Acquires 1,072 Shares of BorgWarner Inc. (NYSE:BWA)

Sienna Gestion raised its holdings in BorgWarner Inc. (NYSE:BWA) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,753 shares of the auto parts company’s stock after purchasing an additional 1,072 shares during the quarter. Sienna Gestion owned 0.06% of BorgWarner worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Seven Eight Capital LP purchased a new stake in BorgWarner during the second quarter worth about $692,000. Hsbc Holdings PLC raised its holdings in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of BorgWarner by 34.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,378 shares of the auto parts company’s stock worth $947,000 after purchasing an additional 7,513 shares during the period. Meiji Yasuda Asset Management Co Ltd. bought a new position in BorgWarner during the second quarter valued at $986,000. Finally, Virtu Financial LLC purchased a new stake in BorgWarner in the second quarter worth $1,016,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWA has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. UBS Group boosted their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a report on Tuesday, September 10th. Citigroup decreased their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Barclays raised their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Six research 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, the company has an average rating of “Moderate Buy” and an average target price of $41.07.

BorgWarner Stock Performance

NYSE:BWA opened at $32.73 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $42.27. The firm has a market cap of $7.46 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.20. The business has a 50 day moving average price of $32.83 and a 200-day moving average price of $33.57.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. Equities research analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 16.67%.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was 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 owns 46,016 shares of the company’s stock, valued at $1,472,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BorgWarner news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

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.