Northwestern Mutual Wealth Management Co. Has $1.59 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Northwestern Mutual Wealth Management Co. reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,369 shares of the auto parts company’s stock after selling 5,091 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BorgWarner were worth $1,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Trillium Asset Management LLC lifted its position in shares of BorgWarner by 2.1% in the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after purchasing an additional 283 shares in the last quarter. Empirical Finance LLC increased its stake in BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock valued at $294,000 after buying an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position 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 worth $667,000 after buying an additional 335 shares in the last quarter. First Pacific Financial boosted its stake in shares of BorgWarner by 3.6% during 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 during the period. Finally, Inspire Investing LLC grew its holdings 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on BWA shares. 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. JPMorgan Chase & Co. raised their price target on 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 boosted 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. Citigroup dropped their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Wolfe Research initiated coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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 business’s stock in a transaction dated 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. This trade represents 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 through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’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 $6,541,074.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.9 %

BWA stock opened at $35.13 on Friday. 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 $33.33 and a two-hundred day moving average of $33.83. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $40.76.

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 analysts’ consensus estimates of $1.01 by $0.18. The firm 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 company’s revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s payout ratio is currently 16.67%.

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.