Ossiam bought a new stake in BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,029 shares of the auto parts company’s stock, valued at approximately $127,000.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of BorgWarner by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 3,190,378 shares of the auto parts company’s stock worth $110,671,000 after acquiring an additional 219,190 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of BorgWarner by 102.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,274 shares of the auto parts company’s stock worth $1,240,000 after acquiring an additional 16,295 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of BorgWarner by 104.8% during the 1st quarter. Janus Henderson Group PLC now owns 103,925 shares of the auto parts company’s stock worth $3,992,000 after acquiring an additional 53,182 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of BorgWarner by 4.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 17,503 shares of the auto parts company’s stock worth $672,000 after acquiring an additional 721 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of BorgWarner by 8.6% during the 1st quarter. OLD National Bancorp IN now owns 7,319 shares of the auto parts company’s stock worth $281,000 after acquiring an additional 581 shares during the last quarter. 91.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on BWA shares. UBS Group decreased their price target on BorgWarner from $49.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday. Credit Suisse Group decreased their price target on BorgWarner from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Robert W. Baird set a $51.00 price target on BorgWarner and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays reissued a “buy” rating and set a $44.00 price target on shares of BorgWarner in a research note on Thursday, July 18th. Finally, Royal Bank of Canada lowered BorgWarner from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $44.00 to $41.00 in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.50.

BWA traded up $1.08 during trading on Friday, hitting $40.32. 88,560 shares of the stock were exchanged, compared to its average volume of 1,494,835. The firm has a 50 day simple moving average of $34.44 and a 200 day simple moving average of $38.54. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 1.28 and a beta of 1.87. BorgWarner Inc. has a 1 year low of $30.71 and a 1 year high of $46.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.31 and a current ratio of 1.66.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, hitting the 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 the consensus estimate of $2.52 billion. During the same period last year, the business posted $1.18 EPS. BorgWarner’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts anticipate that BorgWarner Inc. will post 3.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.69%. BorgWarner’s dividend payout ratio is presently 15.18%.

BorgWarner Company 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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