302,818 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 302,818 shares of the auto parts company’s stock, valued at approximately $11,113,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Matrix Trust Co bought a new stake in BorgWarner in the 3rd quarter worth approximately $25,000. LRI Investments LLC lifted its holdings in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in shares of BorgWarner in the 3rd quarter valued at $32,000. Finally, Olistico Wealth LLC bought a new stake in BorgWarner in the second quarter worth $35,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Up 0.1 %

Shares of NYSE:BWA opened at $34.32 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The firm has a market capitalization of $7.51 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. The stock has a 50 day moving average price of $34.57 and a 200-day moving average price of $33.80.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business earned $0.98 EPS. BorgWarner’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. BorgWarner’s dividend payout ratio is currently 11.17%.

Analyst Ratings Changes

Several research analysts have recently commented on BWA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Wolfe Research began coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

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.