American Trust Cuts Stake in BorgWarner Inc. (NYSE:BWA)

American Trust lowered its stake in shares of BorgWarner Inc. (NYSE:BWAGet Rating) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,780 shares of the auto parts company’s stock after selling 348 shares during the quarter. American Trust’s holdings in BorgWarner were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased 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 buying an additional 208,735 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of BorgWarner by 17.9% in the 1st quarter. Advisory Services Network LLC now owns 29,406 shares of the auto parts company’s stock valued at $1,143,000 after buying an additional 4,474 shares during the period. Toroso Investments LLC purchased a new stake in BorgWarner during the 1st quarter worth about $293,000. BNP Paribas Arbitrage SA increased its holdings in BorgWarner by 59.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 152,932 shares of the auto parts company’s stock worth $5,949,000 after purchasing an additional 57,246 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of BorgWarner by 57.5% in the 1st quarter. Advisors Asset Management Inc. now owns 8,439 shares of the auto parts company’s stock valued at $328,000 after acquiring an additional 3,082 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $36.98 on Monday. The stock has a fifty day moving average of $37.45 and a 200-day moving average of $37.32. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.32 and a current ratio of 1.77. BorgWarner Inc. has a one year low of $32.28 and a one year high of $50.09. The company has a market capitalization of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.37.

BorgWarner (NYSE:BWAGet Rating) last posted its earnings results on Wednesday, August 3rd. The auto parts company reported $1.05 EPS for the quarter, topping 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.27 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.84%. BorgWarner’s payout ratio is presently 25.28%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research reports. Morgan Stanley restated a “maintains” rating and set a $32.00 price target (up previously from $30.00) on shares of BorgWarner in a research note on Thursday, August 4th. Robert W. Baird raised their price target on BorgWarner from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Wells Fargo & Company raised their price target on BorgWarner from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Monday, July 11th. Bank of America reduced 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. Finally, Citigroup lifted their price objective on BorgWarner from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.70.

BorgWarner Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWAGet Rating).

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.