BorgWarner Inc. (NYSE:BWA) shares saw strong trading volume on Tuesday . 2,944,621 shares changed hands during trading, an increase of 26% from the previous session’s volume of 2,329,973 shares.The stock last traded at $31.84 and had previously closed at $33.11.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded BorgWarner from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. TheStreet downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Buckingham Research assumed coverage on BorgWarner in a research report on Tuesday. They set a “neutral” rating on the stock. Robert W. Baird reissued a “buy” rating on shares of BorgWarner in a research report on Tuesday, June 28th. Finally, Wells Fargo & Co. downgraded BorgWarner to a “buy” rating in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.92.

The stock has a 50-day moving average of $31.74 and a 200 day moving average of $33.45. The company has a market capitalization of $6.88 billion and a price-to-earnings ratio of 11.62.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The business earned $2.33 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that BorgWarner Inc. will post $3.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 30th.

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

Several institutional investors have recently modified their holdings of the stock. KBC Group NV increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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. Homrich & Berg increased its position in shares of 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. Finally, Diamond Hill Capital Management Inc. increased its position in shares of BorgWarner by 19.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 7,401,984 shares of the company’s stock valued at $319,988,000 after buying an additional 1,216,886 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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