Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in BorgWarner Inc. (NYSE:BWA) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 47,200 shares of the auto parts company’s stock after selling 16,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BorgWarner were worth $2,019,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BWA. Eqis Capital Management Inc. lifted its stake in shares of BorgWarner by 53.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 6,960 shares of the auto parts company’s stock valued at $300,000 after buying an additional 2,415 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of BorgWarner by 7.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 648,520 shares of the auto parts company’s stock valued at $27,990,000 after buying an additional 42,605 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of BorgWarner by 36.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,104,707 shares of the auto parts company’s stock valued at $47,679,000 after buying an additional 294,196 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of BorgWarner by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 163,635 shares of the auto parts company’s stock valued at $7,062,000 after buying an additional 5,914 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of BorgWarner by 20.8% during the 2nd quarter. D.A. Davidson & CO. now owns 10,243 shares of the auto parts company’s stock valued at $442,000 after buying an additional 1,765 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

BWA has been the topic of several research analyst reports. ValuEngine cut shares of BorgWarner from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 1st. Royal Bank of Canada decreased their price target on shares of BorgWarner to $49.00 and set a “positive” rating on the stock in a research note on Wednesday, September 19th. BMO Capital Markets set a $60.00 price target on shares of BorgWarner and gave the stock a “buy” rating in a research note on Thursday, September 20th. Wolfe Research initiated coverage on shares of BorgWarner in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Finally, Buckingham Research decreased their price target on shares of BorgWarner from $55.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. BorgWarner currently has an average rating of “Buy” and an average price target of $53.79.

In other news, Director Alexis P. Michas sold 10,003 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $39.99, for a total value of $400,019.97. Following the sale, the director now directly owns 78,223 shares in the company, valued at approximately $3,128,137.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brady D. Ericson sold 16,780 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $39.70, for a total transaction of $666,166.00. Following the completion of the sale, the insider now owns 18,089 shares in the company, valued at $718,133.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,475 shares of company stock worth $1,526,992. Insiders own 0.74% of the company’s stock.

Shares of BWA stock opened at $37.65 on Wednesday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 1.38 and a beta of 1.80. BorgWarner Inc. has a 52 week low of $35.71 and a 52 week high of $58.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01. BorgWarner had a net margin of 5.26% and a return on equity of 22.68%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.45 billion. As a group, equities analysts expect that BorgWarner Inc. will post 4.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.17 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.81%. BorgWarner’s dividend payout ratio (DPR) is presently 17.48%.

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About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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