Atlantic Trust Group LLC Trims Stake in BorgWarner Inc. (BWA)

Atlantic Trust Group LLC lowered its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,235 shares of the auto parts company’s stock after selling 1,799 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.06% of BorgWarner worth $6,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. grew its stake in shares of BorgWarner by 1.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock valued at $223,000 after acquiring an additional 90 shares during the period. MML Investors Services LLC grew its stake in shares of BorgWarner by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 91 shares during the period. Sentry Investment Management LLC grew its stake in shares of BorgWarner by 0.9% during the 2nd quarter. Sentry Investment Management LLC now owns 13,520 shares of the auto parts company’s stock valued at $573,000 after acquiring an additional 120 shares during the period. Westover Capital Advisors LLC grew its stake in shares of BorgWarner by 1.6% during the 2nd quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock valued at $529,000 after acquiring an additional 200 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of BorgWarner by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 11,536 shares of the auto parts company’s stock valued at $489,000 after acquiring an additional 279 shares during the period. 95.15% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Inc. (BWA) opened at $51.71 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $10,840.00, a P/E ratio of 37.47, a PEG ratio of 1.58 and a beta of 1.75. BorgWarner Inc. has a 52-week low of $37.54 and a 52-week high of $55.86.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $0.78 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. sell-side analysts predict that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, November 30th. This is a positive change from BorgWarner’s previous quarterly dividend of $0.14. BorgWarner’s dividend payout ratio is presently 49.28%.

In other BorgWarner news, VP Joel Wiegert sold 1,400 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.35, for a total value of $73,290.00. Following the sale, the vice president now owns 16,197 shares in the company, valued at $847,912.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John J. Gasparovic sold 38,409 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $52.60, for a total value of $2,020,313.40. Following the completion of the sale, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Several research analysts have weighed in on BWA shares. Royal Bank of Canada restated a “hold” rating and issued a $61.00 price target on shares of BorgWarner in a research note on Wednesday, December 20th. Zacks Investment Research downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Oppenheimer started coverage on BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price target for the company. BMO Capital Markets upped their price target on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, Citigroup upped their price target on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.12.

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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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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