BorgWarner Inc. (NYSE:BWA) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its holdings in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 34.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,220 shares of the auto parts company’s stock after selling 13,855 shares during the quarter. D.A. Davidson & CO.’s holdings in BorgWarner were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BWA. Boston Partners acquired a new position in shares of BorgWarner during the 2nd quarter valued at $161,247,000. Norges Bank acquired a new position in shares of BorgWarner during the 4th quarter valued at $92,430,000. Nuveen Asset Management LLC lifted its holdings in shares of BorgWarner by 351.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after acquiring an additional 2,085,433 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of BorgWarner during the 2nd quarter valued at $75,483,000. Finally, Invesco Ltd. lifted its holdings in shares of BorgWarner by 24.7% during the 1st quarter. Invesco Ltd. now owns 3,637,381 shares of the auto parts company’s stock valued at $141,495,000 after acquiring an additional 720,690 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $31.80 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a fifty-two week low of $30.83 and a fifty-two week high of $51.14. The firm has a 50-day simple moving average of $34.11 and a 200 day simple moving average of $37.10. The company has a market cap of $7.47 billion, a PE ratio of 11.91, a P/E/G ratio of 0.95 and a beta of 1.32.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the company earned $1.26 EPS. BorgWarner’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that BorgWarner Inc. will post 3.83 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, February 29th. BorgWarner’s dividend payout ratio is presently 16.48%.

Analyst Ratings Changes

BWA has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of BorgWarner from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $39.00 in a report on Wednesday, January 3rd. Morgan Stanley cut their price objective on shares of BorgWarner from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday, November 14th. Finally, TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $44.98.

View Our Latest Stock Report on BWA

BorgWarner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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