BorgWarner Inc. (NYSE:BWA) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,123,131 shares of the auto parts company’s stock after selling 327,565 shares during the period. Point72 Asset Management L.P. owned 0.97% of BorgWarner worth $77,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after acquiring an additional 15,883 shares during the period. Mirabella Financial Services LLP acquired a new position in BorgWarner in the third quarter valued at $908,000. Swedbank AB raised its holdings in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock worth $10,536,000 after buying an additional 64,126 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in shares of BorgWarner by 191.2% during the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock worth $6,246,000 after buying an additional 127,212 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated 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 owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of several analyst reports. Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group cut their price target 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 lifted their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $41.21.

BorgWarner Stock Performance

BWA opened at $33.85 on Wednesday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market cap of $7.40 billion, a P/E ratio of 8.59, a P/E/G ratio of 0.76 and a beta of 1.19. The stock’s 50 day simple moving average is $34.55 and its 200 day simple moving average is $33.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.30%. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

About BorgWarner

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.