American Trust Has $387,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

American Trust reduced its position in BorgWarner Inc. (NYSE:BWA) by 4.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,654 shares of the auto parts company’s stock after selling 443 shares during the period. American Trust’s holdings in BorgWarner were worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Matrix Trust Co bought a new position in shares of BorgWarner during the third quarter worth $25,000. LRI Investments LLC raised its stake in BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after buying an additional 913 shares during the period. Sentry Investment Management LLC bought a new position in BorgWarner during the second quarter worth about $32,000. Brooklyn Investment Group acquired a new position in BorgWarner in the third quarter valued at about $32,000. Finally, True Wealth Design LLC bought a new stake in shares of BorgWarner in the third quarter worth about $38,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

NYSE:BWA opened at $34.05 on Friday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.77 and a beta of 1.19. The stock’s 50 day moving average price is $34.38 and its two-hundred day moving average price is $33.68. 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 (NYSE:BWA) last released its quarterly earnings data 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 company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. On average, analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 over the last quarter. Company insiders own 0.45% of the company’s stock.

About BorgWarner

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.