WESCAP Management Group Inc. trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,209 shares of the auto parts company’s stock after selling 598 shares during the period. WESCAP Management Group Inc.’s holdings in BorgWarner were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BWA. Diamond Hill Capital Management Inc. boosted its position in shares of BorgWarner by 0.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 9,987,152 shares of the auto parts company’s stock worth $419,261,000 after buying an additional 45,220 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BorgWarner by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 7,208,112 shares of the auto parts company’s stock worth $276,862,000 after buying an additional 198,641 shares during the period. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of BorgWarner by 9.6% during the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,075,000 shares of the auto parts company’s stock worth $233,341,000 after buying an additional 530,000 shares during the period. Victory Capital Management Inc. boosted its position in shares of BorgWarner by 6.6% during the first quarter. Victory Capital Management Inc. now owns 5,159,790 shares of the auto parts company’s stock worth $198,188,000 after buying an additional 317,222 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of BorgWarner by 31.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,636,739 shares of the auto parts company’s stock worth $126,343,000 after buying an additional 879,547 shares during the period. Institutional investors own 89.40% of the company’s stock.

Shares of NYSE BWA traded down $0.17 during mid-day trading on Thursday, hitting $31.89. The company had a trading volume of 32,826 shares, compared to its average volume of 2,144,635. The company has a market capitalization of $6.62 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 1.08 and a beta of 1.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31. BorgWarner Inc. has a 1-year low of $30.83 and a 1-year high of $46.97. The business’s 50-day simple moving average is $37.26 and its 200 day simple moving average is $39.30.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $1.18 earnings per share. BorgWarner’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts expect that BorgWarner Inc. will post 3.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, August 30th. BorgWarner’s dividend payout ratio is presently 15.18%.

Several research analysts have recently commented on BWA shares. ValuEngine lowered BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 10th. Royal Bank of Canada cut BorgWarner from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $44.00 to $41.00 in a research note on Friday, July 26th. Credit Suisse Group reduced their price objective on BorgWarner from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Morgan Stanley set a $47.00 price objective on BorgWarner and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank cut BorgWarner from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. BorgWarner has an average rating of “Hold” and an average target price of $46.93.

BorgWarner Profile

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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