CHICAGO TRUST Co NA Increases Stake in BorgWarner Inc. (NYSE:BWA)

CHICAGO TRUST Co NA lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,603 shares of the auto parts company’s stock after buying an additional 1,632 shares during the quarter. CHICAGO TRUST Co NA’s holdings in BorgWarner were worth $1,691,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BWA. Teachers Retirement System of The State of Kentucky increased its holdings in shares of BorgWarner by 19.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 568,303 shares of the auto parts company’s stock worth $20,373,000 after buying an additional 91,164 shares during the period. Goldman Sachs Group Inc. lifted its position in BorgWarner by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,214,873 shares of the auto parts company’s stock valued at $43,553,000 after purchasing an additional 6,091 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of BorgWarner by 6.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock valued at $3,294,000 after purchasing an additional 5,502 shares during the period. Wahed Invest LLC grew its holdings in shares of BorgWarner by 11.2% in the fourth quarter. Wahed Invest LLC now owns 3,980 shares of the auto parts company’s stock worth $143,000 after purchasing an additional 402 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of BorgWarner by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock worth $973,239,000 after buying an additional 331,401 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BWA shares. Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Wells Fargo & Company cut their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Barclays increased their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.5 %

NYSE:BWA opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The firm’s 50-day moving average price is $33.47 and its 200-day moving average price is $33.89. The company has a market capitalization of $7.99 billion, a PE ratio of 13.28, a P/E/G ratio of 0.81 and a beta of 1.20. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $39.97.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. The business’s revenue was down 20.3% compared to the same quarter last year. On average, equities analysts predict that BorgWarner Inc. will post 4.1 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, September 3rd. BorgWarner’s payout ratio is 16.67%.

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.