CWA Asset Management Group LLC Buys Shares of 80,885 BorgWarner Inc. (NYSE:BWA)

CWA Asset Management Group LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, HoldingsChannel reports. The institutional investor bought 80,885 shares of the auto parts company’s stock, valued at approximately $2,935,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in BorgWarner during the third quarter valued at approximately $78,000. Financial Strategies Group Inc. increased its holdings in BorgWarner by 24.0% during the third quarter. Financial Strategies Group Inc. now owns 8,104 shares of the auto parts company’s stock valued at $287,000 after buying an additional 1,570 shares during the last quarter. Principal Financial Group Inc. increased its holdings in BorgWarner by 3.0% during the third quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company’s stock valued at $9,502,000 after buying an additional 7,559 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in BorgWarner by 24.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,348 shares of the auto parts company’s stock valued at $158,000 after buying an additional 863 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of BorgWarner by 4.4% in the third quarter. QRG Capital Management Inc. now owns 65,009 shares of the auto parts company’s stock worth $2,359,000 after purchasing an additional 2,732 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. This represents 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 through this link. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on BWA shares. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Barclays upped their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Wolfe Research started coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Robert W. Baird upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $41.44.

BorgWarner Price Performance

BorgWarner stock opened at $33.92 on Friday. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.72 and a beta of 1.20. The firm’s fifty day moving average is $34.10 and its 200 day moving average is $33.93. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that BorgWarner Inc. will post 4.2 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

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.