BorgWarner Inc. (NYSE:BWA) Shares Sold by Creative Planning

Creative Planning lowered its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 17.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,522 shares of the auto parts company’s stock after selling 1,204 shares during the period. Creative Planning’s holdings in BorgWarner were worth $203,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Scotia Capital Inc. acquired a new stake in BorgWarner during the 2nd quarter worth $1,035,000. Paloma Partners Management Co acquired a new stake in shares of BorgWarner in the 2nd quarter worth $1,314,000. Victory Capital Management Inc. lifted its stake in shares of BorgWarner by 16.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,984,092 shares of the auto parts company’s stock worth $251,212,000 after acquiring an additional 824,302 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of BorgWarner by 855.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,616 shares of the auto parts company’s stock worth $2,209,000 after acquiring an additional 47,110 shares during the period. Finally, Andra AP fonden lifted its stake in shares of BorgWarner by 7.1% in the 2nd quarter. Andra AP fonden now owns 118,000 shares of the auto parts company’s stock worth $4,954,000 after acquiring an additional 7,800 shares during the period. Hedge funds and other institutional investors own 91.65% of the company’s stock.

Shares of BWA opened at $43.76 on Tuesday. The company has a 50-day simple moving average of $40.07 and a 200-day simple moving average of $38.17. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $9.16 billion, a PE ratio of 9.77, a P/E/G ratio of 1.46 and a beta of 1.85. BorgWarner Inc. has a 52-week low of $30.71 and a 52-week high of $46.60.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. On average, research analysts anticipate that BorgWarner Inc. will post 3.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.55%. BorgWarner’s dividend payout ratio is presently 15.18%.

Several analysts have recently commented on BWA shares. Wolfe Research set a $50.00 target price on shares of BorgWarner and gave the stock a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research cut shares of BorgWarner from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research note on Friday, September 27th. Nomura started coverage on shares of BorgWarner in a research note on Tuesday, August 27th. They issued a “buy” rating and a $41.00 target price for the company. ValuEngine upgraded shares of BorgWarner from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.33.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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