Ninety One UK Ltd Sells 397,737 Shares of BorgWarner Inc. (NYSE:BWA)

Ninety One UK Ltd cut its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 20.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,565,984 shares of the auto parts company's stock after selling 397,737 shares during the quarter. Ninety One UK Ltd owned 0.71% of BorgWarner worth $44,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Global X Japan Co. Ltd. lifted its position in shares of BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock worth $26,000 after purchasing an additional 523 shares during the last quarter. LRI Investments LLC raised its holdings in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner in the fourth quarter valued at about $45,000. Kapitalo Investimentos Ltda bought a new stake in shares of BorgWarner in the fourth quarter valued at about $48,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of BorgWarner by 596.1% in the first quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 1,371 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Price Performance

BWA stock traded up $0.16 during trading hours on Wednesday, hitting $35.38. 1,450,551 shares of the stock traded hands, compared to its average volume of 2,715,484. The stock has a 50-day simple moving average of $32.91 and a 200 day simple moving average of $30.77. BorgWarner Inc. has a one year low of $24.40 and a one year high of $37.29. The company has a market cap of $7.77 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.55 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 (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company posted $1.03 EPS. BorgWarner's revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. BorgWarner's dividend payout ratio is 35.20%.

Analyst Upgrades and Downgrades

BWA has been the topic of several analyst reports. Guggenheim cut their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. UBS Group lifted their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Robert W. Baird boosted their price target on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Barclays dropped their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $37.53.

Insider Transactions at BorgWarner

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