Baldwin Investment Management LLC Lowers Stake in BorgWarner Inc. (NYSE:BWA)

Key Points

• Baldwin Investment Management LLC reduced its holdings in BorgWarner Inc. by 27.4%, selling 22,038 shares and ending the quarter with 58,310 shares valued at approximately $1.67 million.
• BorgWarner reported earnings of $1.11 per share for the last quarter, exceeding expectations and reflecting a 2.2% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.11 per share, reflecting a 1.22% yield and a dividend payout ratio of 35.20%.

Baldwin Investment Management LLC decreased its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 27.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,310 shares of the auto parts company's stock after selling 22,038 shares during the quarter. Baldwin Investment Management LLC's holdings in BorgWarner were worth $1,671,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norinchukin Bank The increased its holdings in shares of BorgWarner by 4.4% in the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after buying an additional 402 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after buying an additional 407 shares during the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of BorgWarner by 5.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company's stock worth $225,000 after buying an additional 421 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of BorgWarner by 0.4% in the 4th quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock worth $3,580,000 after buying an additional 501 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in shares of BorgWarner by 133.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after buying an additional 523 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

BorgWarner Stock Up 6.0%

NYSE:BWA traded up $2.09 on Thursday, reaching $36.62. 2,824,383 shares of the stock traded hands, compared to its average volume of 2,894,008. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.63 and a beta of 1.09. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The company's fifty day simple moving average is $34.08 and its 200 day simple moving average is $31.15.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. Equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from BorgWarner's previous quarterly dividend of $0.11. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BWA. Bank of America upped their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Wall Street Zen raised shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their price target for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Guggenheim dropped their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird increased their price target on shares of BorgWarner from $32.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.07.

Insider Transactions at BorgWarner

In other news, EVP Tonit M. Calaway sold 27,736 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president owned 214,521 shares of the company's stock, valued at $7,042,724.43. This trade represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president directly owned 63,445 shares in the company, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.