Sequoia Financial Advisors LLC Sells 461,195 Shares of BorgWarner Inc. (NYSE:BWA)

Sequoia Financial Advisors LLC trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 97.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,199 shares of the auto parts company’s stock after selling 461,195 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in BorgWarner were worth $370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after acquiring an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after acquiring an additional 1,640,503 shares during the last quarter. Earnest Partners LLC increased its stake in BorgWarner by 20.2% in the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after acquiring an additional 669,137 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of 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 purchasing an additional 593,265 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Up 2.4 %

BWA stock opened at $34.41 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 0.81 and a beta of 1.20. The business’s 50-day moving average is $34.01 and its 200 day moving average is $33.86.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. On average, sell-side analysts anticipate that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BWA shares. UBS Group increased their target price on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Citigroup dropped their price objective on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Wolfe Research began coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Barclays increased their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.25.

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.