BorgWarner Inc. (NYSE:BWA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in BorgWarner Inc. (NYSE:BWA) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,064 shares of the auto parts company’s stock after selling 689 shares during the period. Mutual of America Capital Management LLC’s holdings in BorgWarner were worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. Matrix Trust Co acquired a new stake in BorgWarner in the 3rd quarter valued at about $25,000. LRI Investments LLC grew its position in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new position in BorgWarner during the second quarter worth approximately $35,000. Finally, Gradient Investments LLC boosted its stake in BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after buying an additional 1,106 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 value of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,466 shares of company stock worth $6,973,828 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

BWA stock opened at $35.18 on Tuesday. The business’s fifty day moving average price is $34.50 and its 200 day moving average price is $33.87. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.69 billion, a PE ratio of 8.93, a P/E/G ratio of 0.75 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the company posted $0.98 EPS. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.25%. BorgWarner’s dividend payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BWA shares. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Barclays lifted their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group dropped 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. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird increased their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $41.21.

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.