Victory Capital Management Inc. Lowers Stake in BorgWarner Inc. (NYSE:BWA)

Victory Capital Management Inc. lowered its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,257,505 shares of the auto parts company's stock after selling 726,787 shares during the quarter. Victory Capital Management Inc. owned about 5.60% of BorgWarner worth $444,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BWA. Trillium Asset Management LLC boosted its stake in BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company's stock worth $479,000 after buying an additional 283 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its stake in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after purchasing an additional 316 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company's stock valued at $667,000 after purchasing an additional 335 shares during the last quarter. First Pacific Financial lifted its stake in shares of BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company's stock valued at $315,000 after purchasing an additional 340 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC raised its holdings in shares of BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company's stock valued at $602,000 after buying an additional 350 shares during the period. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

BorgWarner stock traded up $0.49 during mid-day trading on Tuesday, hitting $35.15. 2,923,399 shares of the company were exchanged, compared to its average volume of 2,700,857. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business's 50 day simple moving average is $34.16 and its two-hundred day simple moving average is $33.96. The company has a market capitalization of $7.69 billion, a P/E ratio of 8.92, a PEG ratio of 0.71 and a beta of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner's revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. Analysts forecast that BorgWarner Inc. will post 4.2 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. Barclays upped their target price on BorgWarner from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised BorgWarner from an "in-line" rating to an "outperform" rating and upped their target price for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.44.

BorgWarner 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.