BorgWarner Inc. (NYSE:BWA) Stock Holdings Lifted by Baldwin Investment Management LLC

Baldwin Investment Management LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,504 shares of the auto parts company’s stock after buying an additional 10,249 shares during the period. Baldwin Investment Management LLC’s holdings in BorgWarner were worth $2,958,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Studio Investment Management LLC lifted its holdings in shares of BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after buying an additional 310 shares during the period. Spectrum Asset Management Inc. NB CA lifted its holdings in BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after acquiring an additional 316 shares during the last quarter. First Pacific Financial boosted its position in shares of BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after purchasing an additional 340 shares in the last quarter. Alpha Omega Wealth Management LLC grew its stake in shares of BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after purchasing an additional 350 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in shares of BorgWarner by 4.6% in the 3rd quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company’s stock worth $342,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wolfe Research began coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

BorgWarner Trading Down 2.9 %

NYSE BWA opened at $34.17 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The firm’s fifty day simple moving average is $34.50 and its 200-day simple moving average is $33.87. The company has a market capitalization of $7.47 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock valued at $6,973,828 over the last ninety days. Corporate insiders own 0.63% 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.