BorgWarner Inc. (BWA) Shares Sold by Hermes Investment Management Ltd.

Hermes Investment Management Ltd. lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,838 shares of the auto parts company’s stock after selling 5,633 shares during the quarter. Hermes Investment Management Ltd. owned about 0.35% of BorgWarner worth $38,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its holdings in BorgWarner by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after buying an additional 61 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in BorgWarner by 0.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 8,895 shares of the auto parts company’s stock valued at $377,000 after buying an additional 75 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in BorgWarner by 1.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,356 shares of the auto parts company’s stock valued at $269,000 after buying an additional 79 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in BorgWarner by 1.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock valued at $223,000 after buying an additional 90 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in BorgWarner by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.

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Several equities analysts have weighed in on BWA shares. ValuEngine cut BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price objective on shares of BorgWarner in a research note on Tuesday, July 4th. Robert W. Baird reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BorgWarner in a research note on Friday, September 1st. Finally, BidaskClub raised BorgWarner from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. BorgWarner presently has an average rating of “Hold” and a consensus price target of $46.76.

In related news, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the transaction, the executive vice president now directly owns 34,120 shares in the company, valued at $1,535,058.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brady D. Ericson sold 11,052 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total value of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Shares of BorgWarner Inc. (NYSE:BWA) traded up 0.29% during midday trading on Friday, hitting $52.20. The company had a trading volume of 1,505,011 shares. BorgWarner Inc. has a 12 month low of $33.09 and a 12 month high of $52.77. The company has a 50-day moving average of $50.00 and a 200-day moving average of $44.68. The company has a market capitalization of $11.02 billion, a PE ratio of 58.19 and a beta of 1.76.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.27 billion. BorgWarner had a return on equity of 20.75% and a net margin of 2.06%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. Analysts predict that BorgWarner Inc. will post $3.71 earnings per share for the current year.

BorgWarner 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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