BorgWarner Inc. (NYSE:BWA) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,566 shares of the auto parts company’s stock after selling 4,585 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in BorgWarner were worth $2,212,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bedel Financial Consulting Inc. acquired a new position in BorgWarner in the second quarter valued at $29,000. Harvest Fund Management Co. Ltd acquired a new position in BorgWarner in the first quarter valued at $31,000. Credit Agricole S A increased its stake in BorgWarner by 160.2% in the second quarter. Credit Agricole S A now owns 674 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 415 shares during the period. Evermay Wealth Management LLC acquired a new position in BorgWarner in the second quarter valued at $49,000. Finally, Berman Capital Advisors LLC increased its stake in shares of BorgWarner by 159.4% during the second quarter. Berman Capital Advisors LLC now owns 1,318 shares of the auto parts company’s stock worth $64,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

BorgWarner stock opened at $47.12 on Thursday. BorgWarner Inc. has a 52-week low of $34.30 and a 52-week high of $55.55. The firm has a fifty day moving average of $44.06 and a 200-day moving average of $47.43. The firm has a market capitalization of $11.30 billion, a P/E ratio of 14.07, a PEG ratio of 0.77 and a beta of 1.51. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

BorgWarner (NYSE:BWA) last announced its earnings results on Tuesday, August 3rd. The auto parts company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.28. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.48 billion. BorgWarner had a net margin of 5.49% and a return on equity of 15.95%. The business’s quarterly revenue was up 163.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, research analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. BorgWarner’s dividend payout ratio (DPR) is 24.64%.

A number of research analysts have recently issued reports on BWA shares. Jefferies Financial Group lowered shares of BorgWarner from a “buy” rating to a “hold” rating and dropped their price target for the stock from $65.00 to $47.00 in a research note on Monday, September 20th. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Sunday, September 26th. Wells Fargo & Company decreased their price objective on shares of BorgWarner from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, October 5th. Barclays reduced their price target on shares of BorgWarner from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “strong sell” rating and set a $39.00 price objective for the company. in a research report on Friday, October 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Hold” and an average target price of $48.57.

BorgWarner Company Profile

BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.

Further Reading: Institutional Investors

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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