Earnest Partners LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,176,278 shares of the auto parts company’s stock after selling 19,364 shares during the quarter. Earnest Partners LLC owned approximately 0.56% of BorgWarner worth $49,827,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Westover Capital Advisors LLC grew its position in shares of BorgWarner by 1.6% during the second quarter. Westover Capital Advisors LLC now owns 12,496 shares of the auto parts company’s stock worth $529,000 after buying an additional 200 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of BorgWarner by 27.6% during the second quarter. Janus Henderson Group PLC now owns 45,614 shares of the auto parts company’s stock worth $1,932,000 after buying an additional 9,863 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of BorgWarner by 9.6% during the second quarter. Macquarie Group Ltd. now owns 419,973 shares of the auto parts company’s stock worth $17,790,000 after buying an additional 36,873 shares in the last quarter. Black Creek Investment Management Inc. grew its position in shares of BorgWarner by 32.5% during the second quarter. Black Creek Investment Management Inc. now owns 2,664,249 shares of the auto parts company’s stock worth $112,858,000 after buying an additional 653,574 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of BorgWarner by 2.6% during the second quarter. Royal Bank of Canada now owns 505,769 shares of the auto parts company’s stock worth $21,424,000 after buying an additional 12,840 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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Shares of BorgWarner Inc. (BWA) traded down 0.36% during trading on Friday, reaching $51.87. The company had a trading volume of 1,384,142 shares. The firm has a 50-day moving average price of $47.95 and a 200-day moving average price of $43.93. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $52.71. The company has a market capitalization of $10.95 billion, a P/E ratio of 57.83 and a beta of 1.76.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.07. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business earned $0.84 EPS. BorgWarner’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts predict that BorgWarner Inc. will post $3.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.56 annualized dividend and a yield of 1.08%. BorgWarner’s dividend payout ratio is presently 62.92%.

In other news, insider Brady D. Ericson sold 11,052 shares of BorgWarner stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tonit M. Calaway sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the transaction, the executive vice president now owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

BWA has been the subject of a number of analyst reports. ValuEngine downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 29th. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of BorgWarner in a research report on Tuesday, July 4th. CLSA initiated coverage on BorgWarner in a research report on Thursday, June 22nd. They set a “hold” rating and a $45.00 price objective for the company. Finally, BidaskClub raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.86.

About BorgWarner

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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