American Trust Has $311,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

American Trust boosted its stake in BorgWarner Inc. (NYSE:BWA) by 52.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,945 shares of the auto parts company’s stock after purchasing an additional 3,092 shares during the period. American Trust’s holdings in BorgWarner were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWA. Trillium Asset Management LLC increased its position in shares of BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after buying an additional 283 shares during the period. Empirical Finance LLC increased its position in shares of BorgWarner by 3.5% during the first quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after buying an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of BorgWarner by 1.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after buying an additional 335 shares during the period. Verdence Capital Advisors LLC increased its position in shares of BorgWarner by 3.8% during the first quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock worth $329,000 after buying an additional 343 shares during the period. Finally, Independent Advisor Alliance increased its position in shares of BorgWarner by 4.2% during the fourth quarter. Independent Advisor Alliance now owns 8,774 shares of the auto parts company’s stock worth $315,000 after buying an additional 353 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 2.9 %

BWA stock traded down $0.99 during trading on Friday, reaching $33.04. The stock had a trading volume of 3,296,852 shares, compared to its average volume of 2,862,120. BorgWarner Inc. has a one year low of $29.51 and a one year high of $42.78. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $33.34 and its two-hundred day moving average is $33.47. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.78 and a beta of 1.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. Equities research analysts forecast that BorgWarner Inc. will post 4.06 EPS for the current year.

BorgWarner declared that its board has approved a stock buyback plan on Thursday, May 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, September 3rd. BorgWarner’s dividend payout ratio is currently 16.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BWA shares. Bank of America decreased their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday. Citigroup reduced their price target on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Oppenheimer raised their price target on shares of BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.35.

BorgWarner 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.