BorgWarner Inc. (NYSE:BWA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,668 shares of the auto parts company’s stock after selling 178,486 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of BorgWarner worth $7,423,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parkside Investments LLC boosted its stake in shares of BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after acquiring an additional 43,955 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of BorgWarner by 19.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock worth $20,373,000 after acquiring an additional 91,164 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after acquiring an additional 59,925 shares in the last quarter. Sei Investments Co. boosted its stake in shares of BorgWarner by 13.2% during the 4th quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock worth $66,349,000 after acquiring an additional 216,373 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of BorgWarner by 84.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock worth $9,341,000 after acquiring an additional 119,170 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Barclays upped their target price on BorgWarner from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Robert W. Baird upped their target price on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Citigroup upped their target price on BorgWarner from $33.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, TD Cowen upped their target price on BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.63.

Read Our Latest Report on BWA

BorgWarner Trading Up 1.4 %

BWA stock opened at $32.09 on Thursday. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.83 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $34.57 and a 200-day simple moving average of $33.65. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $47.05.

BorgWarner (NYSE:BWAGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. On average, equities research analysts expect that BorgWarner Inc. will post 4.05 EPS for the current year.

BorgWarner announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.37%. BorgWarner’s payout ratio is 16.67%.

About BorgWarner

(Free Report)

BorgWarner Inc, together with its subsidiaries, 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, cabin heaters, battery modules and systems, battery heaters, and battery charging.

Further Reading

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.