879 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 879 shares of the auto parts company’s stock, valued at approximately $32,000.

Several other hedge funds have also added to or reduced their stakes in BWA. Mirabella Financial Services LLP purchased a new stake in BorgWarner during the 3rd quarter valued at about $908,000. Truvestments Capital LLC bought a new position in shares of BorgWarner in the third quarter worth approximately $123,000. Independent Advisor Alliance grew its holdings in shares of BorgWarner by 170.8% during the third quarter. Independent Advisor Alliance now owns 19,878 shares of the auto parts company’s stock valued at $721,000 after buying an additional 12,538 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of BorgWarner by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 10,506 shares of the auto parts company’s stock valued at $381,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Swedbank AB raised its holdings in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BWA has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Activity

In related news, 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 transaction of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. The trade was a 38.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s 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 completion of the transaction, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

NYSE:BWA opened at $34.32 on Friday. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.76 and a beta of 1.20. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The stock’s 50 day simple moving average is $34.57 and its two-hundred day simple moving average is $33.83. 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, topping 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 business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the company posted $0.98 EPS. The business’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 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 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.