Parametric Portfolio Associates LLC Sells 71,299 Shares of BorgWarner Inc. (NYSE:BWA)

Parametric Portfolio Associates LLC reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 7.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 891,350 shares of the auto parts company’s stock after selling 71,299 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in BorgWarner were worth $32,695,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of BorgWarner by 46.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 898 shares of the auto parts company’s stock worth $32,000 after buying an additional 286 shares during the last quarter. Robecosam AG grew its stake in shares of BorgWarner by 10.3% in the third quarter. Robecosam AG now owns 3,200 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 300 shares during the last quarter. Triangle Securities Wealth Management increased its position in BorgWarner by 1.0% during the third quarter. Triangle Securities Wealth Management now owns 35,571 shares of the auto parts company’s stock worth $1,305,000 after acquiring an additional 335 shares during the period. Cascade Investment Advisors Inc. increased its position in BorgWarner by 1.4% during the third quarter. Cascade Investment Advisors Inc. now owns 28,115 shares of the auto parts company’s stock worth $1,031,000 after acquiring an additional 400 shares during the period. Finally, Schafer Cullen Capital Management Inc increased its position in BorgWarner by 0.4% during the second quarter. Schafer Cullen Capital Management Inc now owns 107,671 shares of the auto parts company’s stock worth $4,304,000 after acquiring an additional 402 shares during the period. 91.76% of the stock is currently owned by institutional investors.

BWA has been the subject of a number of research reports. Oppenheimer set a $47.00 price target on shares of BorgWarner and gave the company a “buy” rating in a report on Friday, November 1st. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b-” rating in a report on Tuesday, November 5th. Wolfe Research downgraded shares of BorgWarner from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $50.00 to $46.00 in a report on Friday, November 22nd. Barclays reaffirmed a “buy” rating and set a $46.00 price objective on shares of BorgWarner in a research report on Sunday, November 3rd. Finally, Guggenheim initiated coverage on shares of BorgWarner in a research note on Tuesday, October 15th. They issued a “neutral” rating for the company. Two 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 stock. The stock has a consensus rating of “Hold” and an average target price of $45.67.

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Shares of BWA stock opened at $42.47 on Tuesday. BorgWarner Inc. has a 52-week low of $30.71 and a 52-week high of $46.60. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.38 and a beta of 1.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.58. The firm has a fifty day moving average of $42.06 and a 200-day moving average of $38.38.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. BorgWarner had a net margin of 7.43% and a return on equity of 19.43%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner Inc. will post 3.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.60%. The ex-dividend date is Friday, November 29th. BorgWarner’s dividend payout ratio (DPR) is presently 15.18%.

BorgWarner Company Profile

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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