Exchange Traded Concepts LLC Purchases 16,368 Shares of BorgWarner Inc. (NYSE:BWA)

Exchange Traded Concepts LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 76.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 37,794 shares of the auto parts company’s stock after acquiring an additional 16,368 shares during the period. Exchange Traded Concepts LLC’s holdings in BorgWarner were worth $1,372,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BWA. Goldman Sachs Group Inc. increased its stake in shares of BorgWarner by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,214,873 shares of the auto parts company’s stock worth $43,553,000 after acquiring an additional 6,091 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BorgWarner by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after purchasing an additional 331,401 shares in the last quarter. Mather Group LLC. purchased a new position in shares of BorgWarner during the first quarter valued at approximately $44,000. Alaska Permanent Fund Corp boosted its position in shares of BorgWarner by 29.6% in the 1st quarter. Alaska Permanent Fund Corp now owns 70,661 shares of the auto parts company’s stock worth $2,455,000 after purchasing an additional 16,134 shares in the last quarter. Finally, Greenfield Savings Bank purchased a new stake in shares of BorgWarner in the 1st quarter worth approximately $201,000. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA opened at $35.04 on Thursday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 13.27, a PEG ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. BorgWarner Inc. has a one year low of $29.51 and a one year high of $39.97. The business has a fifty day moving average of $33.67 and a 200 day moving average of $33.90.

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

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.11 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.44 annualized dividend and a yield of 1.26%. BorgWarner’s payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of research analysts have issued reports on BWA shares. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday. UBS Group upped their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $36.00 target price on shares of BorgWarner in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $41.31.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 directly owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the firm’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 transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. The trade was 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.

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.