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ING Groep NV Decreases Stake in BorgWarner Inc. $BWA
ING Groep NV reduced its stake in BorgWarner Inc. (NYSE:BWA) by 27.4% during the third quarter, selling 31,200 shares to bring its total holdings to 82,700 shares valued at $3.635 million. Despite this reduction, several other institutional investors increased their positions in BorgWarner. The company recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and announced a quarterly dividend.