Robecosam AG lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 293,100 shares of the auto parts company’s stock after acquiring an additional 1,500 shares during the period. Robecosam AG owned approximately 0.14% of BorgWarner worth $12,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BWA. New Amsterdam Partners LLC NY lifted its stake in shares of BorgWarner by 27.0% during the 1st quarter. New Amsterdam Partners LLC NY now owns 5,353 shares of the auto parts company’s stock valued at $269,000 after buying an additional 1,138 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of BorgWarner by 0.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 214,649 shares of the auto parts company’s stock valued at $9,263,000 after purchasing an additional 1,201 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in BorgWarner by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 323,031 shares of the auto parts company’s stock worth $13,942,000 after acquiring an additional 1,218 shares during the last quarter. Providence Capital Advisors LLC grew its holdings in BorgWarner by 6.6% in the 2nd quarter. Providence Capital Advisors LLC now owns 23,190 shares of the auto parts company’s stock worth $1,001,000 after acquiring an additional 1,433 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in BorgWarner by 93.0% in the 1st quarter. AdvisorNet Financial Inc now owns 3,049 shares of the auto parts company’s stock worth $153,000 after acquiring an additional 1,469 shares during the last quarter. 91.65% of the stock is owned by institutional investors and hedge funds.

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

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

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

A number of research analysts recently issued reports on the stock. Wells Fargo & Co raised shares of BorgWarner from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $57.00 to $56.00 in a research report on Wednesday, July 18th. 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 note on Monday, July 30th. Goldman Sachs Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $58.00 in a research report on Monday, June 25th. Oppenheimer lowered their price target on shares of BorgWarner from $58.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, July 23rd. Finally, ValuEngine downgraded shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $57.73.

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

About BorgWarner

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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