American Trust Reduces Position in BorgWarner Inc. (NYSE:BWA)

American Trust decreased its stake in shares of BorgWarner Inc. (NYSE:BWAGet Rating) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,780 shares of the auto parts company’s stock after selling 348 shares during the period. American Trust’s holdings in BorgWarner were worth $264,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of BorgWarner by 5.0% in the first quarter. Bank of America Corp DE now owns 4,392,288 shares of the auto parts company’s stock valued at $170,860,000 after purchasing an additional 208,735 shares during the period. Advisory Services Network LLC lifted its stake in shares of BorgWarner by 17.9% during the first quarter. Advisory Services Network LLC now owns 29,406 shares of the auto parts company’s stock worth $1,143,000 after purchasing an additional 4,474 shares in the last quarter. Toroso Investments LLC acquired a new position in shares of BorgWarner during the first quarter worth about $293,000. BNP Paribas Arbitrage SA lifted its stake in shares of BorgWarner by 59.8% in the first quarter. BNP Paribas Arbitrage SA now owns 152,932 shares of the auto parts company’s stock worth $5,949,000 after acquiring an additional 57,246 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of BorgWarner by 57.5% in the first quarter. Advisors Asset Management Inc. now owns 8,439 shares of the auto parts company’s stock worth $328,000 after acquiring an additional 3,082 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $36.98 on Monday. The company’s fifty day moving average is $37.45 and its two-hundred day moving average is $37.32. The company has a quick ratio of 1.32, a current ratio of 1.77 and a debt-to-equity ratio of 0.58. BorgWarner Inc. has a 12-month low of $32.28 and a 12-month high of $50.09. The company has a market cap of $8.76 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.37.

BorgWarner (NYSE:BWAGet Rating) last announced its earnings results on Wednesday, August 3rd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.20. BorgWarner had a net margin of 4.36% and a return on equity of 13.13%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $1.08 EPS. The company’s revenue was up .0% on a year-over-year basis. Equities analysts expect that BorgWarner Inc. will post 4.27 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, August 31st. BorgWarner’s dividend payout ratio (DPR) is currently 25.28%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America lowered their price objective on BorgWarner from $78.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 9th. Morgan Stanley reaffirmed a “maintains” rating and set a $32.00 target price (up from $30.00) on shares of BorgWarner in a report on Thursday, August 4th. The Goldman Sachs Group lowered their target price on BorgWarner from $41.00 to $40.00 in a report on Wednesday, June 1st. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised BorgWarner from a “hold” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $48.00 in a report on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Hold” and an average price target of $47.70.

BorgWarner Company Profile

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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