BorgWarner Inc. (NYSE:BWA) Shares Sold by American Trust

American Trust cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,654 shares of the auto parts company’s stock after selling 443 shares during the quarter. American Trust’s holdings in BorgWarner were worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Studio Investment Management LLC increased its stake in BorgWarner by 12.4% in the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its position in shares of BorgWarner by 0.5% in 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 acquiring an additional 316 shares in the last quarter. First Pacific Financial lifted its position 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 acquiring an additional 340 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its stake in BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after purchasing an additional 350 shares during the period. Finally, Wellington Management Group LLP raised its stake in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

NYSE BWA opened at $34.05 on Friday. The company has a market cap of $7.45 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.77 and a beta of 1.19. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $34.38 and a 200 day simple moving average of $33.68.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is presently 11.17%.

Analyst Ratings Changes

Several brokerages have recently commented on BWA. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday. Finally, Wolfe Research initiated coverage on shares of BorgWarner in a report on Thursday, September 5th. They set 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last three months. 0.45% of the stock is owned by corporate insiders.

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.