Skandinaviska Enskilda Banken AB publ reduced its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,347 shares of the auto parts company’s stock after selling 4,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in BorgWarner were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AdvisorNet Financial Inc boosted its position in shares of BorgWarner by 72.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 5,267 shares of the auto parts company’s stock valued at $227,000 after acquiring an additional 2,218 shares during the last quarter. Whittier Trust Co. boosted its position in shares of BorgWarner by 90.8% during the 2nd quarter. Whittier Trust Co. now owns 3,478 shares of the auto parts company’s stock valued at $227,000 after acquiring an additional 1,655 shares during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of BorgWarner during the 2nd quarter valued at approximately $237,000. BB&T Securities LLC boosted its position in shares of BorgWarner by 33.2% during the 2nd quarter. BB&T Securities LLC now owns 5,681 shares of the auto parts company’s stock valued at $245,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Foster & Motley Inc. bought a new position in shares of BorgWarner during the 2nd quarter valued at approximately $247,000. 93.35% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on BWA. BMO Capital Markets set a $60.00 target price on BorgWarner and gave the company a “buy” rating in a research report on Thursday, September 20th. Citigroup lowered their target price on BorgWarner from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. Oppenheimer lowered their target price on BorgWarner from $58.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, July 23rd. ValuEngine downgraded BorgWarner from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Finally, Buckingham Research lowered their target price on BorgWarner from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $54.23.

In related news, VP Joel Wiegert sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $39.57, for a total value of $158,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brady D. Ericson sold 16,780 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $39.70, for a total value of $666,166.00. Following the completion of the sale, the insider now owns 18,089 shares of the company’s stock, valued at $718,133.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,472 shares of company stock valued at $1,126,972. 0.74% of the stock is owned by corporate insiders.

Shares of BWA opened at $39.78 on Monday. The firm has a market capitalization of $8.29 billion, a P/E ratio of 10.23, a P/E/G ratio of 1.35 and a beta of 1.81. BorgWarner Inc. has a 52-week low of $35.71 and a 52-week high of $58.22. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 0.50.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.45 billion. BorgWarner had a return on equity of 22.68% and a net margin of 5.26%. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.71%. BorgWarner’s dividend payout ratio is presently 17.48%.

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BorgWarner Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates through two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains for light vehicles, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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