Sumitomo Mitsui Trust Group Inc. Lowers Holdings in BorgWarner Inc. (NYSE:BWA)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 36.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,899 shares of the auto parts company's stock after selling 26,898 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in BorgWarner were worth $1,738,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its stake in shares of BorgWarner by 27.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 111,254 shares of the auto parts company's stock valued at $4,037,000 after acquiring an additional 23,820 shares during the period. Atria Investments Inc raised its position in shares of BorgWarner by 12.4% during the 3rd quarter. Atria Investments Inc now owns 32,973 shares of the auto parts company's stock valued at $1,197,000 after purchasing an additional 3,638 shares during the period. Executive Wealth Management LLC bought a new position in BorgWarner in the 3rd quarter worth $1,546,000. CWA Asset Management Group LLC purchased a new stake in BorgWarner in the 3rd quarter worth $2,935,000. Finally, Capital Performance Advisors LLP bought a new stake in BorgWarner during the third quarter valued at about $78,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In related news, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares of the company's stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. The trade was a 38.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,466 shares of company stock valued at $6,973,828. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on BWA shares. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a report on Friday, August 2nd. Evercore ISI raised BorgWarner from an "in-line" rating to an "outperform" rating and increased their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, Barclays lifted their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Stock Up 0.5 %

Shares of BWA traded up $0.18 during midday trading on Wednesday, reaching $33.31. 1,375,464 shares of the stock were exchanged, compared to its average volume of 2,675,712. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company's 50 day moving average is $34.36 and its two-hundred day moving average is $33.95. The company has a market capitalization of $7.28 billion, a P/E ratio of 8.45, a PEG ratio of 0.71 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, December 2nd. BorgWarner's dividend payout ratio is currently 11.17%.

About BorgWarner

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.