Murphy Pohlad Asset Management LLC Has $417,000 Holdings in BorgWarner Inc. (NYSE:BWA)

Murphy Pohlad Asset Management LLC trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 17.9% in the third quarter, HoldingsChannel reports. The firm owned 11,480 shares of the auto parts company’s stock after selling 2,505 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in BorgWarner were worth $417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co acquired a new stake in BorgWarner during the 3rd quarter valued at $25,000. LRI Investments LLC acquired a new stake in BorgWarner during the 1st quarter valued at $35,000. Sentry Investment Management LLC acquired a new stake in BorgWarner during the 2nd quarter valued at $32,000. Olistico Wealth LLC acquired a new stake in BorgWarner during the 2nd quarter valued at $35,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in BorgWarner by 12,144.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 1,093 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

BWA stock opened at $33.44 on Friday. The firm has a market cap of $7.62 billion, a PE ratio of 10.75, a P/E/G ratio of 0.73 and a beta of 1.20. The business’s 50-day moving average price is $34.06 and its two-hundred day moving average price is $33.86. 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 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 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 analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, research analysts forecast that BorgWarner Inc. will post 4.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BWA. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Robert W. Baird lifted their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company lowered their target price on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Barclays raised their price target on BorgWarner from $45.00 to $47.00 and gave the stock 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 MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average target price of $41.25.

Insider Activity

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

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.