BorgWarner Inc. (NYSE:BWA) Position Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,446 shares of the auto parts company’s stock after selling 389 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of BorgWarner worth $6,462,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trillium Asset Management LLC boosted its holdings 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 worth $479,000 after buying an additional 283 shares during the period. Empirical Finance LLC raised its stake in BorgWarner by 3.5% during the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock valued at $294,000 after purchasing an additional 285 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after purchasing an additional 335 shares during the period. First Pacific Financial grew its position in BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after buying an additional 340 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of BorgWarner by 2.9% during the 1st quarter. Inspire Investing LLC now owns 12,747 shares of the auto parts company’s stock valued at $443,000 after acquiring an additional 359 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Up 0.9 %

BWA opened at $35.13 on Friday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $40.76. The stock has a fifty day moving average of $33.33 and a 200-day moving average of $33.83. The company has a market capitalization of $8.00 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.94 and a beta of 1.20. 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 (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. On average, equities analysts expect that BorgWarner Inc. will post 4.1 EPS for the current 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 given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

BWA has been the subject of several analyst reports. UBS Group lifted their price target on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Citigroup lowered their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Barclays increased their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America cut their price target on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Insider Buying and Selling at BorgWarner

In other 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 sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.