MUFG Securities EMEA plc reduced its position in BorgWarner Inc. (NYSE:BWA) by 30.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,445 shares of the auto parts company’s stock after selling 3,200 shares during the quarter. MUFG Securities EMEA plc’s holdings in BorgWarner were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BWA. Bank of New York Mellon Corp lifted its position in BorgWarner by 25.5% in the second quarter. Bank of New York Mellon Corp now owns 2,288,622 shares of the auto parts company’s stock worth $96,076,000 after purchasing an additional 465,672 shares during the period. Nordea Investment Management AB lifted its holdings in shares of BorgWarner by 23.8% during the first quarter. Nordea Investment Management AB now owns 1,296,956 shares of the auto parts company’s stock valued at $49,817,000 after acquiring an additional 249,129 shares during the period. Geode Capital Management LLC lifted its holdings in shares of BorgWarner by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 3,190,378 shares of the auto parts company’s stock valued at $110,671,000 after acquiring an additional 219,190 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of BorgWarner by 737.0% during the second quarter. Panagora Asset Management Inc. now owns 228,700 shares of the auto parts company’s stock valued at $9,601,000 after acquiring an additional 201,377 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings 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 valued at $276,862,000 after acquiring an additional 198,641 shares during the period. 91.49% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:BWA traded up $1.13 during midday trading on Friday, reaching $40.37. The company’s stock had a trading volume of 99,125 shares, compared to its average volume of 1,494,835. BorgWarner Inc. has a fifty-two week low of $30.71 and a fifty-two week high of $46.97. The company has a market capitalization of $8.10 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.28 and a beta of 1.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31. The business’s fifty day simple moving average is $34.44 and its 200-day simple moving average is $38.54.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given 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 yield of 1.68%. BorgWarner’s payout ratio is 15.18%.

A number of research analysts have issued reports on the company. Barclays reissued a “buy” rating and set a $44.00 price objective on shares of BorgWarner in a report on Thursday, July 18th. Robert W. Baird set a $51.00 target price on BorgWarner and gave the company a “buy” rating in a research note on Friday, July 26th. TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, August 22nd. ValuEngine lowered BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 10th. Finally, Morgan Stanley set a $47.00 target price on BorgWarner and gave the company a “buy” rating in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. BorgWarner currently has an average rating of “Hold” and an average price target of $46.50.

About BorgWarner

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.

See Also: Earnings Per Share

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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