Fiera Capital Corp Sells 46,230 Shares of BorgWarner Inc. (BWA)
Fiera Capital Corp lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 892,369 shares of the auto parts company’s stock after selling 46,230 shares during the quarter. Fiera Capital Corp owned approximately 0.42% of BorgWarner worth $37,801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in BWA. Strs Ohio grew its holdings in shares of BorgWarner by 4.2% during the 1st quarter. Strs Ohio now owns 15,798 shares of the auto parts company’s stock worth $660,000 after purchasing an additional 631 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of BorgWarner by 102.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 36,530 shares of the auto parts company’s stock worth $1,527,000 after purchasing an additional 18,489 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of BorgWarner by 59.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,254 shares of the auto parts company’s stock worth $959,000 after purchasing an additional 8,296 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of BorgWarner by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,017,840 shares of the auto parts company’s stock worth $84,325,000 after purchasing an additional 31,673 shares in the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of BorgWarner by 20.7% during the 1st quarter. Suntrust Banks Inc. now owns 31,733 shares of the auto parts company’s stock worth $1,324,000 after purchasing an additional 5,451 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.
Shares of BorgWarner Inc. (NYSE BWA) remained flat at $47.55 during trading on Wednesday. 132,047 shares of the company’s stock were exchanged. BorgWarner Inc. has a 12-month low of $33.09 and a 12-month high of $48.03. The stock has a market cap of $10.04 billion, a P/E ratio of 53.01 and a beta of 1.73. The company’s 50-day moving average is $45.62 and its 200-day moving average is $42.90.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. Equities research analysts predict that BorgWarner Inc. will post $3.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 30th. BorgWarner’s dividend payout ratio is presently 62.92%.
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Several analysts have recently weighed in on BWA shares. Zacks Investment Research lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of BorgWarner in a report on Wednesday, May 31st. Deutsche Bank AG reissued a “buy” rating and set a $54.00 price objective on shares of BorgWarner in a report on Wednesday, May 31st. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Morgan Stanley decreased their price objective on BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.93.
In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,062,708.84. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
BorgWarner Company Profile
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.
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