Westbourne Investment Advisors Inc. Reduces Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Westbourne Investment Advisors Inc. trimmed its position in BorgWarner Inc. (NYSE:BWA) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,035 shares of the auto parts company’s stock after selling 590 shares during the period. BorgWarner comprises 1.1% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 28th biggest holding. Westbourne Investment Advisors Inc.’s holdings in BorgWarner were worth $1,303,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. boosted its position in BorgWarner by 0.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,941,932 shares of the auto parts company’s stock worth $381,870,000 after purchasing an additional 33,410 shares during the last quarter. JPMorgan Chase & Co. boosted its position in BorgWarner by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 7,208,112 shares of the auto parts company’s stock worth $276,862,000 after purchasing an additional 198,641 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in BorgWarner by 9.6% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,075,000 shares of the auto parts company’s stock worth $233,341,000 after purchasing an additional 530,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in BorgWarner by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,159,790 shares of the auto parts company’s stock worth $198,188,000 after purchasing an additional 317,222 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in BorgWarner by 31.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,636,739 shares of the auto parts company’s stock worth $126,343,000 after purchasing an additional 879,547 shares during the last quarter. 90.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of BWA stock traded down $0.59 during trading hours on Friday, reaching $35.66. 630,522 shares of the company traded hands, compared to its average volume of 1,782,167. BorgWarner Inc. has a 12-month low of $32.46 and a 12-month high of $46.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.31 and a current ratio of 1.66. The stock has a market cap of $7.86 billion, a P/E ratio of 7.96, a P/E/G ratio of 1.27 and a beta of 1.82. The stock’s 50-day moving average price is $40.54.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. BorgWarner had a return on equity of 20.13% and a net margin of 7.53%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm earned $1.18 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts expect that BorgWarner Inc. will post 3.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.91%. BorgWarner’s dividend payout ratio is presently 15.18%.

Several research analysts have issued reports on BWA shares. Zacks Investment Research cut BorgWarner from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. ValuEngine raised BorgWarner from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Citigroup lowered their price objective on BorgWarner from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday. Deutsche Bank cut BorgWarner from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Friday, July 26th. Finally, Royal Bank of Canada cut BorgWarner from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $44.00 to $41.00 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.93.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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