New Amsterdam Partnersny Lowers stake in BorgWarner (BWA)

BorgWarner (BWA) : New Amsterdam Partnersny reduced its stake in BorgWarner by 54.09% during the most recent quarter end. The investment management company now holds a total of 175,058 shares of BorgWarner which is valued at $5,726,147 after selling 206,226 shares in BorgWarner , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.BorgWarner makes up approximately 1.33% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in BWA by selling 9,436 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 471,286 shares of BWA which is valued at $15,415,765. BorgWarner makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Tocqueville Asset Management sold out all of its stake in BWA during the most recent quarter. The investment firm sold 9,579 shares of BWA which is valued $317,831. Standard Life Investments Ltd sold out all of its stake in BWA during the most recent quarter. The investment firm sold 127,708 shares of BWA which is valued $4,368,891.

BorgWarner closed down -0.13 points or -0.40% at $32.58 with 15,62,124 shares getting traded on Thursday. Post opening the session at $32.73, the shares hit an intraday low of $32.51 and an intraday high of $33 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, BorgWarner reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.82. The company had revenue of $2329.20 million for the quarter, compared to analysts expectations of $2322.97 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Jul 26, 2016, BorgWarner announced a cash dividend of $0.1300. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on BorgWarner. BorgWarner was Downgraded by BofA/Merrill to ” Neutral” on Jun 21, 2016.

BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’ develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas Europe and Asia and is an equipment supplier to automotive OEM.

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