Ninety One UK Ltd Has $44.87 Million Position in BorgWarner Inc. (NYSE:BWA)

Ninety One UK Ltd cut its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 20.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,565,984 shares of the auto parts company's stock after selling 397,737 shares during the period. Ninety One UK Ltd owned 0.71% of BorgWarner worth $44,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWA. Global X Japan Co. Ltd. grew its stake in shares of BorgWarner by 133.4% during the 1st quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after buying an additional 523 shares during the period. LRI Investments LLC grew its stake in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner during the 4th quarter valued at $45,000. Golden State Wealth Management LLC boosted its position in BorgWarner by 596.1% during the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock worth $46,000 after purchasing an additional 1,371 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in BorgWarner during the 4th quarter worth $48,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWA has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Guggenheim cut their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. UBS Group raised their price target on shares of BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird raised their price target on shares of BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.53.

BorgWarner Trading Down 0.1%

BWA traded down $0.03 during mid-day trading on Wednesday, hitting $35.20. The stock had a trading volume of 144,316 shares, compared to its average volume of 2,710,028. The stock's fifty day simple moving average is $32.77 and its 200-day simple moving average is $30.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares in the company, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of 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 disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

BorgWarner Company 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.