Dimensional Fund Advisors LP grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,536,508 shares of the auto parts company’s stock after purchasing an additional 73,548 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of BorgWarner worth $109,489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. purchased a new position in BorgWarner in the first quarter valued at $475,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of BorgWarner by 2.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 605,915 shares of the auto parts company’s stock worth $30,435,000 after purchasing an additional 11,873 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of BorgWarner during the first quarter worth about $1,676,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of BorgWarner by 194.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 213,448 shares of the auto parts company’s stock worth $10,722,000 after purchasing an additional 140,891 shares during the last quarter. Finally, New Amsterdam Partners LLC NY grew its holdings in shares of BorgWarner by 27.0% during the first quarter. New Amsterdam Partners LLC NY now owns 5,353 shares of the auto parts company’s stock worth $269,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.

In related news, EVP Tonit M. Calaway sold 4,590 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $46.01, for a total transaction of $211,185.90. Following the completion of the sale, the executive vice president now owns 34,982 shares of the company’s stock, valued at approximately $1,609,521.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas J. Mcgill sold 3,260 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $44.55, for a total transaction of $145,233.00. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

Several equities analysts have issued reports on BWA shares. ValuEngine lowered BorgWarner from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Oppenheimer reduced their price objective on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, July 23rd. Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $58.00 in a research report on Monday, June 25th. Citigroup reduced their price target on shares of BorgWarner from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. Finally, Wells Fargo & Co upgraded shares of BorgWarner from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $57.00 to $56.00 in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. BorgWarner has an average rating of “Buy” and an average target price of $57.73.

Shares of NYSE BWA traded up $0.54 during trading on Friday, hitting $44.87. 1,569,565 shares of the company traded hands, compared to its average volume of 1,707,295. BorgWarner Inc. has a 1 year low of $42.06 and a 1 year high of $58.22. The stock has a market capitalization of $9.13 billion, a PE ratio of 10.17, a P/E/G ratio of 1.22 and a beta of 1.88. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 26th. The auto parts company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.71 billion. BorgWarner had a net margin of 5.11% and a return on equity of 22.83%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. equities research analysts expect that BorgWarner Inc. will post 4.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. BorgWarner’s dividend payout ratio is currently 17.48%.

BorgWarner Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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