Studio Investment Management LLC Increases Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Studio Investment Management LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 43.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,503 shares of the auto parts company’s stock after buying an additional 757 shares during the period. Studio Investment Management LLC’s holdings in BorgWarner were worth $81,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of BorgWarner by 59.2% in the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares during the last quarter. Bessemer Group Inc. grew its holdings in BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock valued at $1,363,000 after buying an additional 18,640 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in BorgWarner by 19.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock worth $20,373,000 after buying an additional 91,164 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of BorgWarner by 419.7% in the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after acquiring an additional 53,721 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of BorgWarner by 13.2% in the fourth quarter. Sei Investments Co. now owns 1,850,749 shares of the auto parts company’s stock valued at $66,349,000 after acquiring an additional 216,373 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

BorgWarner stock opened at $31.65 on Thursday. The firm has a fifty day moving average of $32.77 and a 200-day moving average of $33.51. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $42.27. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.21 billion, a P/E ratio of 11.99, a PEG ratio of 0.73 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company posted $1.35 earnings per share. The firm’s revenue was down 20.3% compared to the same quarter last year. As a group, analysts predict that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is 16.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Bank of America reduced their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Barclays lifted their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. UBS Group increased their price target on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Robert W. Baird lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average target price of $41.07.

Insider Activity

In other news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.