BorgWarner Inc. (NYSE:BWA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of BorgWarner Inc. (NYSE:BWA) by 40.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,118 shares of the auto parts company’s stock after selling 11,066 shares during the quarter. HighTower Advisors LLC’s holdings in BorgWarner were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in BorgWarner in the 3rd quarter valued at approximately $25,000. LRI Investments LLC grew its holdings in shares of BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares during the period. Sentry Investment Management LLC purchased a new position in BorgWarner in the 2nd quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in BorgWarner during the third quarter worth $32,000. Finally, True Wealth Design LLC purchased a new stake in BorgWarner during the third quarter worth $38,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BWA. Deutsche Bank Aktiengesellschaft lifted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Guggenheim restated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Wells Fargo & Company dropped their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Stock Performance

Shares of BWA stock opened at $31.48 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a 50 day moving average price of $34.18 and a 200 day moving average price of $33.59.

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. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Sell-side analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Insider Activity at BorgWarner

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now directly owns 32,366 shares in the company, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,010 shares of company stock worth $7,678,076. 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.