32,966 Shares in BorgWarner Inc. (NYSE:BWA) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,966 shares of the auto parts company’s stock, valued at approximately $11,960,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWA. Wealth Enhancement Advisory Services LLC raised its stake in BorgWarner by 2.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 63,608 shares of the auto parts company’s stock valued at $2,210,000 after purchasing an additional 1,579 shares in the last quarter. Leeward Investments LLC MA raised its stake in BorgWarner by 3.5% during the first quarter. Leeward Investments LLC MA now owns 198,896 shares of the auto parts company’s stock valued at $6,910,000 after purchasing an additional 6,807 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in BorgWarner by 11.2% during the first quarter. Sequoia Financial Advisors LLC now owns 510,522 shares of the auto parts company’s stock valued at $17,736,000 after purchasing an additional 51,318 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in BorgWarner by 16.4% during the first quarter. Janney Montgomery Scott LLC now owns 33,040 shares of the auto parts company’s stock valued at $1,148,000 after purchasing an additional 4,650 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in BorgWarner by 4.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,655 shares of the auto parts company’s stock valued at $301,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BWA shares. Citigroup decreased their price target on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Robert W. Baird increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company reduced their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Wolfe Research started coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Barclays increased their target price on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

BorgWarner Stock Down 2.0 %

Shares of 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. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The firm’s 50-day moving average is $34.06 and its two-hundred day moving average is $33.86. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.81 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. As a group, research analysts expect that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. 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. In other 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 value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. 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, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was 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 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.