BorgWarner Inc. (NYSE:BWA) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 28.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,096 shares of the auto parts company’s stock after selling 83,664 shares during the quarter. Intech Investment Management LLC’s holdings in BorgWarner were worth $7,160,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new position in BorgWarner during the fourth quarter worth about $30,000. Riverview Trust Co acquired a new position in shares of BorgWarner during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC acquired a new position in shares of BorgWarner during the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC acquired a new stake in shares of BorgWarner in the fourth quarter valued at approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 3.6 %

Shares of BWA stock traded down $1.22 during trading on Friday, reaching $32.62. The company’s stock had a trading volume of 2,709,105 shares, compared to its average volume of 2,431,840. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.86 and a beta of 1.22. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $46.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The stock’s 50-day moving average price is $34.09 and its 200 day moving average price is $33.54.

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

BorgWarner declared that its Board of Directors has initiated a share repurchase program on Thursday, May 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, June 3rd. BorgWarner’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

Several brokerages have issued reports on BWA. Citigroup cut their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Robert W. Baird reduced their target price on shares of BorgWarner from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. TD Cowen boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Finally, Wells Fargo & Company decreased their price objective on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.19.

BorgWarner Company Profile

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.