BorgWarner Inc. (NYSE:BWA) Stake Lifted by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its stake in BorgWarner Inc. (NYSE:BWA) by 10.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 54,568 shares of the auto parts company’s stock after acquiring an additional 5,301 shares during the period. Strengthening Families & Communities LLC’s holdings in BorgWarner were worth $1,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. lifted its stake in BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the last quarter. Earnest Partners LLC lifted its stake in BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares during the last quarter. Hsbc Holdings PLC lifted its stake in BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after purchasing an additional 652,097 shares during the last quarter. Finally, Swedbank AB lifted its stake in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Price Performance

NYSE:BWA opened at $34.50 on Monday. The company has a 50-day moving average of $34.27 and a 200-day moving average of $33.99. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.71 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last released 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. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BWA shares. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird upped their price target 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. Barclays upped their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.21.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were 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 directly owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated 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 transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 179,966 shares of company stock valued at $6,225,843. Company insiders own 0.45% of the company’s stock.

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.