Creative Planning Sells 1,607 Shares of BorgWarner Inc. (NYSE:BWA)

Creative Planning lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,034 shares of the auto parts company’s stock after selling 1,607 shares during the quarter. Creative Planning’s holdings in BorgWarner were worth $908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Trillium Asset Management LLC increased its stake in BorgWarner by 2.1% during the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after purchasing an additional 283 shares in the last quarter. Empirical Finance LLC boosted its holdings in BorgWarner by 3.5% during the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after acquiring an additional 285 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BorgWarner by 1.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after acquiring an additional 335 shares during the last quarter. First Pacific Financial boosted its holdings in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 340 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its holdings in BorgWarner by 2.2% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Down 0.6 %

Shares of BorgWarner stock opened at $33.44 on Friday. The stock’s 50-day simple moving average is $34.06 and its 200 day simple moving average is $33.86. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The stock has a market capitalization of $7.62 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. As a group, research analysts anticipate that BorgWarner Inc. will post 4.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BWA shares. JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Citigroup cut their price target on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Barclays boosted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group cut their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

Insider Activity

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

BorgWarner Company 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.