Sumitomo Mitsui Trust Group Inc. Sells 26,898 Shares of BorgWarner Inc. (NYSE:BWA)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,899 shares of the auto parts company’s stock after selling 26,898 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in BorgWarner were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BWA. Spectrum Asset Management Inc. NB CA grew its stake in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after buying an additional 316 shares during the period. First Pacific Financial raised its stake in shares of BorgWarner by 3.6% in the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after purchasing an additional 340 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock valued at $602,000 after buying an additional 350 shares during the last quarter. PFG Investments LLC lifted its position in shares of BorgWarner by 4.6% during the third quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company’s stock valued at $342,000 after purchasing an additional 414 shares in the last quarter. Finally, Conscious Wealth Investments LLC grew its position in BorgWarner by 0.6% in the 2nd quarter. Conscious Wealth Investments LLC now owns 81,684 shares of the auto parts company’s stock worth $2,659,000 after purchasing an additional 478 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Down 3.7 %

Shares of NYSE:BWA opened at $33.12 on Wednesday. The firm has a fifty day moving average price of $34.33 and a two-hundred day moving average price of $33.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm earned $0.98 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Robert W. Baird increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. The trade was a 37.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,466 shares of company stock valued at $6,973,828. 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.