Creative Planning lowered its stake in BorgWarner Inc. (NYSE:BWA) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,556 shares of the auto parts company’s stock after selling 760 shares during the period. Creative Planning’s holdings in BorgWarner were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BWA. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in BorgWarner during the first quarter valued at approximately $105,000. Van ECK Associates Corp raised its stake in BorgWarner by 6.8% in the first quarter. Van ECK Associates Corp now owns 2,702 shares of the auto parts company’s stock valued at $113,000 after buying an additional 171 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in BorgWarner by 13.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the auto parts company’s stock valued at $122,000 after buying an additional 354 shares in the last quarter. Whittier Trust Co. raised its stake in BorgWarner by 6.4% in the first quarter. Whittier Trust Co. now owns 3,165 shares of the auto parts company’s stock valued at $132,000 after buying an additional 189 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in BorgWarner by 29.9% in the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock valued at $154,000 after buying an additional 851 shares in the last quarter. 91.44% of the stock is owned by hedge funds and other institutional investors.

Shares of BorgWarner Inc. (NYSE:BWA) opened at 45.84 on Wednesday. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 68.21 and a beta of 1.72. The stock has a 50 day moving average of $43.50 and a 200 day moving average of $41.73. BorgWarner Inc. has a 12 month low of $31.49 and a 12 month high of $47.00.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.07. BorgWarner had a net margin of 1.56% and a return on equity of 20.10%. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that BorgWarner Inc. will post $3.58 EPS for the current fiscal year.

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BWA has been the topic of several analyst reports. Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, April 12th. Deutsche Bank AG raised their price target on shares of BorgWarner from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Bank of America Corporation restated an “underperform” rating and set a $27.00 price target (down previously from $30.00) on shares of BorgWarner in a research report on Friday, June 16th. BMO Capital Markets raised their price target on shares of BorgWarner from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Finally, Morgan Stanley dropped their price target on shares of BorgWarner from $34.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.25.

In other news, insider Ronald T. Hundzinski sold 3,776 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $41.53, for a total transaction of $156,817.28. Following the transaction, the insider now directly owns 141,958 shares of the company’s stock, valued at approximately $5,895,515.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis C. Cuneo sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $44.06, for a total transaction of $44,060.00. Following the transaction, the director now directly owns 13,398 shares in the company, valued at $590,315.88. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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