BorgWarner Inc. (BWA) is Diamond Hill Capital Management Inc.’s 8th Largest Position

Diamond Hill Capital Management Inc. cut its stake in BorgWarner Inc. (NYSE:BWA) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,065,016 shares of the auto parts company’s stock after selling 421,647 shares during the quarter. BorgWarner accounts for about 2.2% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Diamond Hill Capital Management Inc. owned approximately 3.82% of BorgWarner worth $413,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after acquiring an additional 135 shares during the last quarter. Exane Derivatives purchased a new stake in shares of BorgWarner during the second quarter valued at approximately $135,000. Global X Management Co. LLC increased its position in shares of BorgWarner by 29.9% during the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock valued at $154,000 after acquiring an additional 851 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of BorgWarner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 341 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased its position in shares of BorgWarner by 2.5% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after acquiring an additional 121 shares during the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 34,120 shares in the company, valued at approximately $1,535,058.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction 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 sale, 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.

WARNING: “BorgWarner Inc. (BWA) is Diamond Hill Capital Management Inc.’s 8th Largest Position” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/22/borgwarner-inc-bwa-is-diamond-hill-capital-management-inc-s-8th-largest-position.html.

A number of analysts recently commented on the company. Barclays PLC set a $50.00 price target on BorgWarner and gave the company a “hold” rating in a research report on Friday. Buckingham Research increased their price target on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday. UBS AG increased their price target on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, October 17th. Finally, KeyCorp increased their price target on BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.76.

BorgWarner Inc. (NYSE:BWA) traded up 0.29% during trading on Friday, hitting $52.20. The stock had a trading volume of 1,505,011 shares. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $52.77. The company has a 50-day moving average price of $50.00 and a 200-day moving average price of $44.68. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 58.19 and a beta of 1.76.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, topping the c

Other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of BorgWarner by 5.3% during the second quarter. CENTRAL TRUST Co now owns 2,679 shares of the auto parts company’s stock valued at $114,000 after acquiring an additional 135 shares during the last quarter. Exane Derivatives purchased a new stake in shares of BorgWarner during the second quarter valued at approximately $135,000. Global X Management Co. LLC increased its position in shares of BorgWarner by 29.9% during the first quarter. Global X Management Co. LLC now owns 3,694 shares of the auto parts company’s stock valued at $154,000 after acquiring an additional 851 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of BorgWarner by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,433 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 341 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased its position in shares of BorgWarner by 2.5% during the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 4,921 shares of the auto parts company’s stock valued at $208,000 after acquiring an additional 121 shares during the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 34,120 shares in the company, valued at approximately $1,535,058.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction 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 sale, 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.

WARNING: “BorgWarner Inc. (BWA) is Diamond Hill Capital Management Inc.’s 8th Largest Position” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/22/borgwarner-inc-bwa-is-diamond-hill-capital-management-inc-s-8th-largest-position.html.

A number of analysts recently commented on the company. Barclays PLC set a $50.00 price target on BorgWarner and gave the company a “hold” rating in a research report on Friday. Buckingham Research increased their price target on BorgWarner from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday. UBS AG increased their price target on BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research raised BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, October 17th. Finally, KeyCorp increased their price target on BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.76.

BorgWarner Inc. (NYSE:BWA) traded up 0.29% during trading on Friday, hitting $52.20. The stock had a trading volume of 1,505,011 shares. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $52.77. The company has a 50-day moving average price of $50.00 and a 200-day moving average price of $44.68. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 58.19 and a beta of 1.76.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm 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%. BorgWarner’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Equities research analysts forecast that BorgWarner Inc. will post $3.71 EPS 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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