BorgWarner Inc. (NYSE:BWA) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,664 shares of the auto parts company’s stock after selling 807 shares during the period. Pathstone Holdings LLC’s holdings in BorgWarner were worth $2,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in BorgWarner during the first quarter worth approximately $285,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of BorgWarner in the 1st quarter worth $208,000. Tidal Investments LLC lifted its holdings in shares of BorgWarner by 21.2% in the first quarter. Tidal Investments LLC now owns 35,912 shares of the auto parts company’s stock valued at $1,248,000 after buying an additional 6,278 shares during the period. Comerica Bank boosted its stake in BorgWarner by 25.0% during the first quarter. Comerica Bank now owns 87,911 shares of the auto parts company’s stock valued at $3,054,000 after buying an additional 17,596 shares in the last quarter. Finally, LBP AM SA acquired a new position in BorgWarner during the first quarter worth about $5,312,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group dropped their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Robert W. Baird lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

Insider Activity

In other news, 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 sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,466 shares of company stock worth $6,973,828 in the last three months. 0.45% of the stock is owned by insiders.

BorgWarner Price Performance

NYSE BWA opened at $34.17 on Wednesday. The company has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $33.87. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. 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 released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (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 company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.