Caxton Associates LP Sells 13,482 Shares of BorgWarner Inc. (NYSE:BWA)

Caxton Associates LP reduced its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,285 shares of the auto parts company’s stock after selling 13,482 shares during the period. Caxton Associates LP’s holdings in BorgWarner were worth $1,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Paloma Partners Management Co purchased a new stake in shares of BorgWarner during the first quarter valued at approximately $314,000. Earnest Partners LLC boosted its stake in shares of BorgWarner by 1.1% during the first quarter. Earnest Partners LLC now owns 3,310,639 shares of the auto parts company’s stock valued at $115,012,000 after purchasing an additional 35,709 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of BorgWarner by 3.6% during the first quarter. Mount Yale Investment Advisors LLC now owns 174,393 shares of the auto parts company’s stock valued at $6,058,000 after purchasing an additional 6,062 shares during the period. LRI Investments LLC purchased a new stake in shares of BorgWarner during the first quarter valued at approximately $35,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of BorgWarner during the first quarter valued at approximately $285,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on BWA shares. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on BorgWarner from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. UBS Group raised their price target on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird dropped their price target on BorgWarner from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Barclays raised their price target on BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.29.

BorgWarner Stock Down 1.1 %

Shares of NYSE:BWA traded down $0.35 on Tuesday, hitting $32.37. 1,036,915 shares of the company traded hands, compared to its average volume of 2,828,531. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $46.75. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $33.51 and a 200-day simple moving average of $33.45. The company has a market cap of $7.38 billion, a PE ratio of 12.39, a PEG ratio of 0.76 and a beta of 1.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts expect that BorgWarner Inc. will post 4.01 earnings per share for the current year.

BorgWarner announced that its board has approved a stock repurchase program on Thursday, May 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. BorgWarner’s payout ratio is presently 16.67%.

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.