Davis R M Inc. Has $4.79 Million Stake in BorgWarner Inc. (NYSE:BWA)

Davis R M Inc. cut its holdings in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 33.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,044 shares of the auto parts company’s stock after selling 65,100 shares during the quarter. Davis R M Inc. owned about 0.06% of BorgWarner worth $4,792,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BWA. Toronto Dominion Bank raised its position in shares of BorgWarner by 33.4% in the first quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after purchasing an additional 34,488 shares during the period. Quadrature Capital Ltd acquired a new stake in BorgWarner during the first quarter worth approximately $285,000. LRI Investments LLC bought a new stake in shares of BorgWarner during the first quarter worth approximately $35,000. Paloma Partners Management Co acquired a new position in shares of BorgWarner in the first quarter valued at approximately $314,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of BorgWarner by 10.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,352,423 shares of the auto parts company’s stock worth $46,983,000 after purchasing an additional 125,727 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 1.1 %

Shares of BWA opened at $34.12 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.75 and a beta of 1.20. The business’s fifty day moving average is $34.44 and its 200-day moving average is $33.88.

BorgWarner (NYSE:BWAGet Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm 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 quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,466 shares of company stock valued at $6,973,828. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

BWA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Barclays boosted their target price 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. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

Check Out Our Latest Research Report on BWA

BorgWarner Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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