Toronto Dominion Bank Trims Stock Position in BorgWarner Inc. (NYSE:BWA)

Toronto Dominion Bank decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 96,368 shares of the auto parts company’s stock after selling 498 shares during the quarter. Toronto Dominion Bank’s holdings in BorgWarner were worth $3,497,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in BorgWarner by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,595 shares of the auto parts company’s stock worth $2,083,000 after purchasing an additional 987 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of BorgWarner by 18.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,444 shares of the auto parts company’s stock worth $272,000 after buying an additional 1,340 shares during the period. Blue Trust Inc. grew its holdings in shares of BorgWarner by 81.7% during the second quarter. Blue Trust Inc. now owns 10,194 shares of the auto parts company’s stock worth $354,000 after buying an additional 4,584 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after buying an additional 1,106 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in BorgWarner by 27.1% in the 2nd quarter. Fifth Third Bancorp now owns 82,121 shares of the auto parts company’s stock valued at $2,648,000 after acquiring an additional 17,535 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA opened at $34.05 on Monday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $7.45 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.77 and a beta of 1.19. The stock’s 50 day simple moving average is $34.38 and its 200 day simple moving average is $33.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. BorgWarner’s dividend payout ratio is presently 11.17%.

Analyst Ratings Changes

BWA has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday. Finally, The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock valued at $7,678,076 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

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.