HPM Partners LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 95.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,988 shares of the auto parts company’s stock after selling 77,839 shares during the period. HPM Partners LLC’s holdings in BorgWarner were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. raised its stake in shares of BorgWarner by 3,228.4% during the first quarter. BlackRock Inc. now owns 13,090,582 shares of the auto parts company’s stock valued at $547,056,000 after purchasing an additional 12,697,279 shares during the period. Pioneer Investment Management Inc. raised its stake in shares of BorgWarner by 56.7% during the first quarter. Pioneer Investment Management Inc. now owns 3,288,289 shares of the auto parts company’s stock valued at $137,417,000 after purchasing an additional 1,190,369 shares during the period. Vanguard Group Inc. raised its stake in shares of BorgWarner by 3.2% during the first quarter. Vanguard Group Inc. now owns 20,162,288 shares of the auto parts company’s stock valued at $842,583,000 after purchasing an additional 616,244 shares during the period. Victory Capital Management Inc. raised its stake in shares of BorgWarner by 16.1% during the second quarter. Victory Capital Management Inc. now owns 3,854,638 shares of the auto parts company’s stock valued at $163,282,000 after purchasing an additional 533,701 shares during the period. Finally, Strs Ohio raised its stake in shares of BorgWarner by 3,368.8% during the second quarter. Strs Ohio now owns 548,001 shares of the auto parts company’s stock valued at $23,213,000 after purchasing an additional 532,203 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on BWA shares. BidaskClub lowered shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. ValuEngine lowered shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, May 31st. Deutsche Bank AG reiterated a “buy” rating and set a $54.00 price objective on shares of BorgWarner in a research note on Wednesday, May 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price objective on shares of BorgWarner in a research note on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $43.93.

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

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/12/hpm-partners-llc-sells-77839-shares-of-borgwarner-inc-bwa.html.

Shares of BorgWarner Inc. (NYSE:BWA) opened at 46.99 on Tuesday. BorgWarner Inc. has a 52 week low of $33.09 and a 52 week high of $48.03. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 52.39 and a beta of 1.73. The company has a 50 day moving average of $45.58 and a 200-day moving average of $42.87.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business earned $0.84 earnings per share. BorgWarner’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that BorgWarner Inc. will post $3.70 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.19%. BorgWarner’s dividend payout ratio is 62.92%.

About BorgWarner

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)

Receive News & Stock Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related stocks with our FREE daily email newsletter.