BorgWarner Inc. (NYSE:BWA) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in BorgWarner Inc. (NYSE:BWA) by 69.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,694 shares of the auto parts company’s stock after selling 17,611 shares during the quarter. GSA Capital Partners LLP’s holdings in BorgWarner were worth $279,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Spectrum Asset Management Inc. NB CA increased its position in BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after purchasing an additional 316 shares during the last quarter. First Pacific Financial grew its stake in shares of BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after buying an additional 340 shares during the period. Alpha Omega Wealth Management LLC increased its holdings in shares of 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 buying an additional 350 shares during the last quarter. PFG Investments LLC raised its position in shares of BorgWarner by 4.6% during the 3rd quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company’s stock valued at $342,000 after buying an additional 414 shares during the period. Finally, Conscious Wealth Investments LLC lifted its holdings in BorgWarner by 0.6% in the second quarter. Conscious Wealth Investments LLC now owns 81,684 shares of the auto parts company’s stock valued at $2,659,000 after acquiring an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 201,466 shares of company stock valued at $6,973,828. Insiders own 0.45% of the company’s stock.

BorgWarner Trading Up 1.1 %

NYSE:BWA opened at $34.12 on Friday. The stock has a fifty day moving average price of $34.44 and a 200 day moving average price of $33.91. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a market cap of $7.46 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced 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 business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Sell-side analysts anticipate that BorgWarner Inc. will post 4.24 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company 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 $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner’s payout ratio is 11.17%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wolfe Research initiated coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. The Goldman Sachs Group decreased their target price 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. Barclays lifted 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, StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

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.