CWA Asset Management Group LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

CWA Asset Management Group LLC acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,885 shares of the auto parts company’s stock, valued at approximately $2,935,000.

Several other institutional investors have also recently made changes to their positions in BWA. Point72 Asset Management L.P. raised its holdings in shares of BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Earnest Partners LLC raised its holdings in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares during the period. Hsbc Holdings PLC raised its holdings in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after acquiring an additional 652,097 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Down 3.3 %

Shares of BorgWarner stock opened at $33.92 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 stock has a market capitalization of $7.42 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a 50-day simple moving average of $34.10 and a two-hundred day simple moving average of $33.93.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. On average, analysts anticipate that BorgWarner Inc. will post 4.2 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. BorgWarner’s payout ratio is 11.17%.

Insider Activity

In other news, EVP Tania Wingfield sold 2,066 shares of the business’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWA. Robert W. Baird increased their price objective 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. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the company from $39.00 to $43.00 in a report on Monday, October 14th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Barclays raised 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $41.44.

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.