11,343 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in BorgWarner Inc. (NYSE:BWA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,343 shares of the auto parts company’s stock, valued at approximately $412,000.

A number of other large investors have also recently added to or reduced their stakes in BWA. Matrix Trust Co acquired a new position in shares of BorgWarner during the third quarter worth about $25,000. LRI Investments LLC grew its stake in shares of BorgWarner by 2,685.3% during 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 in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $32,000. Olistico Wealth LLC bought a new stake in shares of BorgWarner in the second quarter worth $35,000. Finally, Gradient Investments LLC boosted its holdings in BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,966 shares of company stock valued at $6,225,843. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays upped their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America decreased their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Wells Fargo & Company dropped their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

BorgWarner Trading Down 1.1 %

Shares of NYSE:BWA opened at $34.43 on Friday. The stock has a market cap of $7.53 billion, a PE ratio of 8.74, a P/E/G ratio of 0.73 and a beta of 1.20. 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 12-month low of $29.51 and a 12-month high of $38.22. The business has a 50 day moving average of $34.22 and a 200-day moving average of $33.97.

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. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.2 earnings per share for the current year.

BorgWarner Dividend Announcement

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

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.