Jarislowsky Fraser Ltd Reduces Holdings in BorgWarner Inc. (BWA)

Jarislowsky Fraser Ltd lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 60.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,441 shares of the auto parts company’s stock after selling 205,463 shares during the period. Jarislowsky Fraser Ltd owned 0.06% of BorgWarner worth $6,784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its holdings in shares of BorgWarner by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after purchasing an additional 61 shares during the last quarter. Hanson & Doremus Investment Management boosted its holdings in shares of BorgWarner by 0.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 8,895 shares of the auto parts company’s stock valued at $377,000 after purchasing an additional 75 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of BorgWarner by 1.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,356 shares of the auto parts company’s stock valued at $269,000 after purchasing an additional 79 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of BorgWarner by 1.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock valued at $223,000 after purchasing an additional 90 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of BorgWarner by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 91 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

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Shares of BorgWarner Inc. (BWA) opened at $52.03 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 1.10. BorgWarner Inc. has a 1 year low of $33.81 and a 1 year high of $53.84. The firm has a market cap of $10,970.00, a PE ratio of 14.19, a P/E/G ratio of 1.51 and a beta of 1.75.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts predict that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.17 dividend. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 30th. BorgWarner’s dividend payout ratio is 40.58%.

Several research firms have commented on BWA. Citigroup Inc. increased their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, October 30th. BMO Capital Markets increased their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, October 30th. UBS AG increased their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Buckingham Research increased their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.72.

In related news, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the sale, the executive vice president now directly owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the sale, the insider now directly owns 23,418 shares in the company, valued at $1,062,708.84. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

BorgWarner Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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