BorgWarner Inc. (NYSE:BWA) Shares Sold by Caxton Associates LP

Caxton Associates LP cut its position in BorgWarner Inc. (NYSE:BWA) by 20.5% during the first quarter, HoldingsChannel.com reports. The fund owned 52,285 shares of the auto parts company’s stock after selling 13,482 shares during the period. Caxton Associates LP’s holdings in BorgWarner were worth $1,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in BorgWarner during the fourth quarter worth $30,000. Riverview Trust Co acquired a new position in BorgWarner during the first quarter worth $30,000. LRI Investments LLC acquired a new position in BorgWarner during the first quarter worth $35,000. Whittier Trust Co. of Nevada Inc. boosted its stake in BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in BorgWarner during the fourth quarter worth $40,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of recent research reports. Oppenheimer boosted their price objective on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird reduced their target price on BorgWarner from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Bank of America reduced their target price on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company reduced their target price on BorgWarner from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Finally, TD Cowen lifted their target price on BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.29.

BorgWarner Stock Down 1.1 %

BWA traded down $0.35 on Tuesday, hitting $32.37. 1,036,915 shares of the company were exchanged, compared to its average volume of 2,828,531. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $46.75. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.22. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $33.45.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the firm posted $1.09 EPS. BorgWarner’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts predict that BorgWarner Inc. will post 4.01 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.36%. BorgWarner’s payout ratio is 16.67%.

BorgWarner declared that its board has initiated a stock buyback program on Thursday, May 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the auto parts company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.