147,186 BorgWarner Inc. $BWA Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its stake in BorgWarner Inc. (NYSE:BWA) by 49.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 148,611 shares of the auto parts company’s stock after selling 147,186 shares during the period. Mawer Investment Management Ltd.’s holdings in BorgWarner were worth $8,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWA. BlackRock Inc. bought a new position in shares of BorgWarner in the 2nd quarter worth approximately $1,678,187,000. William Blair Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $251,305,000. Bank of America Corp DE purchased a new stake in BorgWarner in the second quarter worth $250,618,000. Bank of New York Mellon Corp purchased a new stake in BorgWarner in the second quarter worth $112,292,000. Finally, Royal London Asset Management Ltd. raised its holdings in BorgWarner by 17.5% in the second quarter. Royal London Asset Management Ltd. now owns 1,487,868 shares of the auto parts company’s stock worth $98,794,000 after purchasing an additional 221,908 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In related news, Director Michael S. Hanley sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $65.51, for a total value of $327,550.00. Following the completion of the transaction, the director directly owned 34,313 shares in the company, valued at $2,247,844.63. The trade was a 12.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy B. Kulikowski sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the transaction, the chief accounting officer owned 9,725 shares of the company’s stock, valued at approximately $667,135. The trade was a 22.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.76% of the company’s stock.

BorgWarner Stock Down 0.3%

Shares of BWA traded down $0.13 during trading hours on Friday, hitting $50.86. The company had a trading volume of 1,496,125 shares, compared to its average volume of 3,092,581. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 0.72 and a beta of 1.20. The firm has a fifty day moving average price of $58.43 and a 200-day moving average price of $60.67. BorgWarner Inc. has a 52-week low of $40.73 and a 52-week high of $78.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.41.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 3.36% and a return on equity of 19.61%. BorgWarner’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. On average, equities research analysts forecast that BorgWarner Inc. will post 5.27 EPS for the current fiscal year.

BorgWarner declared that its board has authorized a stock buyback program on Wednesday, August 5th that allows the company to repurchase $1 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 7.7% of its shares through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 1st. BorgWarner’s dividend payout ratio is currently 28.94%.

Analysts Set New Price Targets

Several brokerages have commented on BWA. UBS Group lowered their price objective on BorgWarner from $95.00 to $91.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Barclays dropped their price objective on shares of BorgWarner from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. Deutsche Bank set a $80.00 target price on shares of BorgWarner in a research note on Thursday, August 6th. Finally, Morgan Stanley lowered their target price on shares of BorgWarner from $95.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.00.

BorgWarner Company Profile

BorgWarner Inc. is a global automotive supplier that develops and manufactures technologies for passenger vehicles, commercial vehicles and other applications. Its products support vehicles powered by internal combustion engines as well as hybrid and electric vehicles. The company’s offerings include turbocharging systems, transmission components, electric motors, power electronics, battery and thermal-management systems, and technologies that help control emissions. BorgWarner supplies automakers and commercial-vehicle manufacturers around the world, with operations serving markets across North America, Europe and Asia.