BorgWarner Inc. (NYSE:BWA) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,973 shares of the auto parts company’s stock after acquiring an additional 3,638 shares during the period. Atria Investments Inc’s holdings in BorgWarner were worth $1,197,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BWA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BorgWarner by 1.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock valued at $667,000 after purchasing an additional 335 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in BorgWarner by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 266,100 shares of the auto parts company’s stock valued at $9,244,000 after acquiring an additional 2,881 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in BorgWarner by 34.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 313,835 shares of the auto parts company’s stock valued at $10,903,000 after acquiring an additional 81,264 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in BorgWarner during the 1st quarter worth $1,076,000. Finally, Edgestream Partners L.P. grew its holdings in BorgWarner by 419.7% during the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after acquiring an additional 53,721 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA stock opened at $34.50 on Friday. 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 twelve month low of $29.51 and a twelve month high of $38.22. The business’s fifty day moving average is $34.27 and its 200-day moving average is $33.98. The company has a market cap of $7.55 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 15.51% and a net margin of 6.33%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. Equities research analysts forecast that BorgWarner Inc. will post 4.2 EPS for the current year.

BorgWarner Announces Dividend

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

Insider Activity at BorgWarner

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares in the company, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,966 shares of company stock valued at $6,225,843. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Robert W. Baird lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Bank of America dropped their price target on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Finally, Wolfe Research began coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

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.