National Bank of Canada FI Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

National Bank of Canada FI lifted its position in BorgWarner Inc. (NYSE:BWA) by 48.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,653 shares of the auto parts company’s stock after purchasing an additional 29,746 shares during the quarter. National Bank of Canada FI’s holdings in BorgWarner were worth $3,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new position in BorgWarner during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in shares of BorgWarner during the third quarter worth $32,000. LRI Investments LLC lifted its position in BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC purchased a new stake in BorgWarner in the second quarter valued at $32,000. Finally, True Wealth Design LLC acquired a new stake in BorgWarner during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock valued at $7,678,076 in the last three months. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

BorgWarner stock opened at $34.05 on Friday. The company has a fifty day simple moving average of $34.38 and a 200-day simple moving average of $33.68. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.77 and a beta of 1.19. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last released 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. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, equities analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday. The Goldman Sachs Group lowered their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Evercore ISI raised 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 report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

BorgWarner Company 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.