Swiss National Bank Has $38.74 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Swiss National Bank reduced its position in BorgWarner Inc. (NYSE:BWA – Get Rating) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 962,484 shares of the auto parts company’s stock after selling 73,960 shares during the period. Swiss National Bank owned about 0.41% of BorgWarner worth $38,740,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. AE Wealth Management LLC lifted its stake in BorgWarner by 0.3% in the 4th quarter. AE Wealth Management LLC now owns 87,995 shares of the auto parts company’s stock valued at $3,542,000 after purchasing an additional 223 shares during the last quarter. AlphaCrest Capital Management LLC lifted its position in BorgWarner by 0.5% during the third quarter. AlphaCrest Capital Management LLC now owns 56,404 shares of the auto parts company’s stock worth $1,771,000 after acquiring an additional 265 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in BorgWarner by 3.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock worth $266,000 after acquiring an additional 302 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in BorgWarner by 2.1% during the third quarter. Daiwa Securities Group Inc. now owns 15,854 shares of the auto parts company’s stock worth $498,000 after acquiring an additional 323 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in BorgWarner by 5.6% during the first quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock worth $246,000 after acquiring an additional 335 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $44.31 on Thursday. The company’s 50 day simple moving average is $47.56 and its 200 day simple moving average is $44.65. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.68 and a beta of 1.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 1.16. BorgWarner Inc. has a 1 year low of $31.14 and a 1 year high of $51.14.

BorgWarner (NYSE:BWA – Get Rating) last posted its earnings results on Thursday, May 4th. The auto parts company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.16 billion. BorgWarner had a return on equity of 14.85% and a net margin of 5.97%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. As a group, research analysts predict that BorgWarner Inc. will post 4.88 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. BorgWarner’s payout ratio is presently 16.63%.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 6,889 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $50.87, for a total transaction of $350,443.43. Following the sale, the chief accounting officer now owns 28,105 shares of the company’s stock, valued at $1,429,701.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Tonit M. Calaway sold 6,889 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $50.87, for a total value of $350,443.43. Following the sale, the chief accounting officer now owns 28,105 shares of the company’s stock, valued at $1,429,701.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin Nowlan sold 44,154 shares of the business’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $50.01, for a total transaction of $2,208,141.54. Following the completion of the sale, the chief financial officer now directly owns 83,531 shares in the company, valued at approximately $4,177,385.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,707 shares of company stock valued at $5,027,503. 0.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of BorgWarner from $62.00 to $58.00 in a research report on Monday. Wells Fargo & Company dropped their price target on shares of BorgWarner from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of BorgWarner from $58.00 to $56.00 in a research report on Friday, May 5th. Oppenheimer lifted their price target on shares of BorgWarner from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Finally, Morgan Stanley lifted their price target on shares of BorgWarner from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.27.

BorgWarner Company Profile

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BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.