Great Lakes Advisors LLC Grows Position in BorgWarner Inc. (NYSE:BWA)

Great Lakes Advisors LLC raised its stake in BorgWarner Inc. (NYSE:BWA) by 0.3% during the second quarter, HoldingsChannel.com reports. The fund owned 869,304 shares of the auto parts company’s stock after purchasing an additional 2,841 shares during the quarter. Great Lakes Advisors LLC’s holdings in BorgWarner were worth $28,026,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares in the last quarter. Bessemer Group Inc. raised its position in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock valued at $1,363,000 after buying an additional 18,640 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of BorgWarner by 19.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock valued at $20,373,000 after acquiring an additional 91,164 shares during the last quarter. Edgestream Partners L.P. grew its position in BorgWarner by 419.7% in the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after acquiring an additional 53,721 shares in the last quarter. Finally, Sei Investments Co. increased its stake in BorgWarner by 13.2% during the fourth quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock worth $66,349,000 after acquiring an additional 216,373 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wolfe Research started coverage on BorgWarner in a research note on Thursday. They issued a “peer perform” rating for the company. Barclays raised their price target on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Bank of America cut their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.07.

BorgWarner Stock Down 1.7 %

NYSE BWA traded down $0.56 during trading on Friday, reaching $32.29. 2,114,511 shares of the company’s stock traded hands, compared to its average volume of 2,782,391. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.20. The company’s 50 day simple moving average is $32.75 and its two-hundred day simple moving average is $33.45.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The company 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%. BorgWarner’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a $0.11 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. BorgWarner’s dividend payout ratio is presently 16.67%.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

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.