BorgWarner Inc. (NYSE:BWA) fell 5% during trading on Thursday . The stock traded as low as $31.94 and last traded at $32.49, with a volume of 2,335,495 shares changing hands. The stock had previously closed at $34.21.

Several brokerages have recently commented on BWA. Zacks Investment Research downgraded shares of BorgWarner from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Robert W. Baird restated a “buy” rating on shares of BorgWarner in a research note on Tuesday, June 28th. Bank of America Corp. downgraded shares of BorgWarner from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 21st. TheStreet downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Finally, Wells Fargo & Co. downgraded shares of BorgWarner to a “buy” rating in a research note on Wednesday, April 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. BorgWarner presently has a consensus rating of “Hold” and a consensus target price of $42.92.

The company has a market capitalization of $7.07 billion and a P/E ratio of 12.23. The stock has a 50-day moving average of $31.81 and a 200-day moving average of $33.50.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. During the same period last year, the company posted $0.75 earnings per share. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.33 billion. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts predict that BorgWarner Inc. will post $3.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, August 30th.

In other news, CFO Ronald T. Hundzinski sold 3,721 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $35.06, for a total transaction of $130,458.26. Following the sale, the chief financial officer now directly owns 132,947 shares of the company’s stock, valued at approximately $4,661,121.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dennis C. Cuneo sold 2,500 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $33.53, for a total value of $83,825.00. Following the sale, the director now directly owns 21,407 shares in the company, valued at $717,776.71. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in BWA. Westfield Capital Management Co. LP raised its stake in BorgWarner by 7.6% in the fourth quarter. Westfield Capital Management Co. LP now owns 479,752 shares of the company’s stock valued at $20,740,000 after buying an additional 34,042 shares during the period. KBC Group NV raised its stake in BorgWarner by 40.4% in the fourth quarter. KBC Group NV now owns 24,943 shares of the company’s stock valued at $1,078,000 after buying an additional 7,174 shares during the period. Cedar Hill Associates LLC raised its stake in BorgWarner by 0.4% in the fourth quarter. Cedar Hill Associates LLC now owns 178,825 shares of the company’s stock valued at $7,731,000 after buying an additional 800 shares during the period. Dean Investment Associates LLC raised its stake in BorgWarner by 531.6% in the fourth quarter. Dean Investment Associates LLC now owns 84,110 shares of the company’s stock valued at $3,636,000 after buying an additional 70,793 shares during the period. Finally, Homrich & Berg raised its stake in BorgWarner by 0.8% in the fourth quarter. Homrich & Berg now owns 24,102 shares of the company’s stock valued at $1,042,000 after buying an additional 190 shares during the period.

BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.

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