Shelton Capital Management Purchases 80,900 Shares of BorgWarner Inc. (NYSE:BWA)

Shelton Capital Management increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 1,302.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,112 shares of the auto parts company’s stock after purchasing an additional 80,900 shares during the period. Shelton Capital Management’s holdings in BorgWarner were worth $4,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BWA. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of BorgWarner by 100,784.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 260,453,189 shares of the auto parts company’s stock valued at $12,738,765,000 after purchasing an additional 260,195,018 shares during the period. Boston Partners bought a new stake in shares of BorgWarner during the 2nd quarter valued at $161,247,000. Envestnet Asset Management Inc. raised its position in shares of BorgWarner by 1,080.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,956,068 shares of the auto parts company’s stock valued at $19,773,000 after purchasing an additional 2,705,713 shares during the period. Norges Bank bought a new stake in shares of BorgWarner during the 4th quarter valued at $92,430,000. Finally, Nordea Investment Management AB increased its holdings in BorgWarner by 10,047.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,711,145 shares of the auto parts company’s stock valued at $83,093,000 after acquiring an additional 1,694,282 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

BorgWarner Price Performance

BWA stock opened at $34.42 on Friday. BorgWarner Inc. has a 12 month low of $31.63 and a 12 month high of $51.14. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $37.88 and a 200 day moving average price of $42.24. The stock has a market cap of $8.09 billion, a PE ratio of 11.10, a P/E/G ratio of 0.96 and a beta of 1.44.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. BorgWarner’s dividend payout ratio is presently 14.19%.

Analysts Set New Price Targets

BWA has been the topic of a number of research reports. Morgan Stanley reduced their price target on shares of BorgWarner from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and reduced their price target for the company from $47.00 to $36.00 in a report on Friday, November 3rd. UBS Group initiated coverage on shares of BorgWarner in a report on Tuesday, September 12th. They issued a “buy” rating and a $52.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of BorgWarner from $60.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday, October 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of BorgWarner from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.72.

BorgWarner Profile

BorgWarner Inc 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, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.