IMS Capital Management decreased its position in BorgWarner Inc. (NYSE:BWA) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,778 shares of the auto parts company’s stock after selling 3,200 shares during the period. IMS Capital Management’s holdings in BorgWarner were worth $880,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Olstein Capital Management L.P. boosted its stake in BorgWarner by 3.4% in the second quarter. Olstein Capital Management L.P. now owns 90,000 shares of the auto parts company’s stock worth $3,812,000 after buying an additional 3,000 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in BorgWarner by 9.4% in the second quarter. State of Wisconsin Investment Board now owns 448,616 shares of the auto parts company’s stock worth $19,003,000 after buying an additional 38,670 shares in the last quarter. Dupont Capital Management Corp boosted its stake in BorgWarner by 191.4% in the second quarter. Dupont Capital Management Corp now owns 83,400 shares of the auto parts company’s stock worth $3,533,000 after buying an additional 54,780 shares in the last quarter. Shufro Rose & Co. LLC boosted its stake in BorgWarner by 17.1% in the second quarter. Shufro Rose & Co. LLC now owns 15,085 shares of the auto parts company’s stock worth $639,000 after buying an additional 2,200 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp boosted its stake in BorgWarner by 2.5% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock worth $208,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Shares of BorgWarner Inc. (NYSE:BWA) opened at 45.25 on Wednesday. The firm has a 50-day moving average price of $45.14 and a 200 day moving average price of $42.38. BorgWarner Inc. has a 12-month low of $33.09 and a 12-month high of $48.03. The stock has a market cap of $9.55 billion, a PE ratio of 50.45 and a beta of 1.73.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, August 30th. BorgWarner’s payout ratio is 62.92%.

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A number of research firms recently commented on BWA. Deutsche Bank AG lifted their price objective on BorgWarner from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $46.00 price objective on BorgWarner and gave the stock a “hold” rating in a research report on Sunday, August 6th. BMO Capital Markets reiterated an “outperform” rating and set a $55.00 price objective (up previously from $50.00) on shares of BorgWarner in a research report on Friday, July 28th. BidaskClub cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded BorgWarner from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.67.

In related news, Director Dennis C. Cuneo sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total transaction of $44,060.00. Following the transaction, the director now directly owns 13,398 shares of the company’s stock, valued at $590,315.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

BorgWarner Company Profile

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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