Raymond James & Associates Buys 14,165 Shares of BorgWarner Inc. (NYSE:BWA)

Raymond James & Associates lifted its position in BorgWarner Inc. (NYSE:BWA) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,002 shares of the auto parts company’s stock after purchasing an additional 14,165 shares during the quarter. Raymond James & Associates owned about 0.08% of BorgWarner worth $6,968,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Matrix Trust Co bought a new stake in BorgWarner in the 3rd quarter worth approximately $25,000. LRI Investments LLC increased its position in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner during the second quarter valued at $32,000. Olistico Wealth LLC bought a new position in BorgWarner during the second quarter valued at $35,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of BorgWarner by 12,144.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Price Performance

BorgWarner stock opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The firm has a 50-day moving average of $34.06 and a two-hundred day moving average of $33.86. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA) last announced 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. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. BorgWarner’s quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, research analysts forecast that BorgWarner Inc. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’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 transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BWA. Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $36.00 price objective on shares of BorgWarner in a research note on Tuesday, September 10th. Wells Fargo & Company cut their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. UBS Group raised their price target on BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays boosted their price objective 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. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

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.