Rheos Capital Works Inc. Sells 29,000 Shares of BorgWarner Inc. (NYSE:BWA)

Rheos Capital Works Inc. trimmed its position in shares of BorgWarner Inc. (NYSE:BWA) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,100 shares of the auto parts company’s stock after selling 29,000 shares during the period. Rheos Capital Works Inc. owned 0.12% of BorgWarner worth $7,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in BorgWarner by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock valued at $358,720,000 after buying an additional 753,344 shares during the period. Invesco Ltd. raised its stake in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company’s stock valued at $216,014,000 after acquiring an additional 628,930 shares during the period. Alliancebernstein L.P. raised its stake in BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company’s stock valued at $190,142,000 after acquiring an additional 381,504 shares during the period. LSV Asset Management lifted its holdings in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after purchasing an additional 792,100 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its position in BorgWarner by 7.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company’s stock worth $129,664,000 after purchasing an additional 267,250 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 0.5%

Shares of BWA stock opened at $32.31 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.10 billion, a P/E ratio of 22.59, a PEG ratio of 0.77 and a beta of 1.10. The company has a 50 day moving average of $29.69 and a 200-day moving average of $30.73. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $37.29.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. BorgWarner’s dividend payout ratio is currently 35.20%.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the vice president now owns 63,445 shares of the company’s stock, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president now owns 214,521 shares in the company, valued at approximately $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. Evercore ISI reduced their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Morgan Stanley decreased their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. UBS Group upped their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Guggenheim cut their price objective on BorgWarner from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $37.73.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.