Integrated Wealth Concepts LLC Buys 1,752 Shares of BorgWarner Inc. (NYSE:BWA)

Integrated Wealth Concepts LLC raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,709 shares of the auto parts company’s stock after purchasing an additional 1,752 shares during the period. Integrated Wealth Concepts LLC’s holdings in BorgWarner were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BWA. CWM LLC lifted its holdings in shares of BorgWarner by 51.3% in the 2nd quarter. CWM LLC now owns 12,110 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 4,104 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after acquiring an additional 15,883 shares during the last quarter. Czech National Bank lifted its holdings in shares of BorgWarner by 7.4% in the 2nd quarter. Czech National Bank now owns 43,417 shares of the auto parts company’s stock valued at $1,400,000 after acquiring an additional 2,992 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BorgWarner by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,595 shares of the auto parts company’s stock valued at $2,083,000 after acquiring an additional 987 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of BorgWarner by 18.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,444 shares of the auto parts company’s stock valued at $272,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BWA shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective 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. Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Evercore ISI raised shares of 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 research report on Monday, October 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last ninety days. 0.63% of the stock is owned by company insiders.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $34.61 on Wednesday. The firm has a market cap of $7.57 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.19. The firm’s 50 day simple moving average is $34.40 and its 200-day simple moving average is $33.67. BorgWarner Inc. has a one year low of $29.51 and a one year 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 issued its earnings results 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 business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, equities analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed 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 1.27%. The ex-dividend date is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

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.