Mutual of America Capital Management LLC Sells 689 Shares of BorgWarner Inc. (NYSE:BWA)

Mutual of America Capital Management LLC trimmed its position in BorgWarner Inc. (NYSE:BWA) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,064 shares of the auto parts company’s stock after selling 689 shares during the period. Mutual of America Capital Management LLC’s holdings in BorgWarner were worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BWA. Matrix Trust Co purchased a new position in BorgWarner during the 3rd quarter worth $25,000. LRI Investments LLC purchased a new stake in shares of BorgWarner during the first quarter worth about $35,000. Sentry Investment Management LLC acquired a new position in shares of BorgWarner during the second quarter valued at about $32,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner in the 2nd quarter valued at approximately $35,000. Finally, Gradient Investments LLC boosted its stake in BorgWarner by 1,117.2% in the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Barclays increased their price objective on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Wolfe Research assumed coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,466 shares of company stock valued at $6,973,828. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Up 3.1 %

BWA stock opened at $35.18 on Tuesday. The firm’s fifty day moving average is $34.50 and its 200 day moving average is $33.87. The firm has a market cap of $7.69 billion, a PE ratio of 8.93, a P/E/G ratio of 0.75 and a beta of 1.20. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. On average, research analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

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.