Barclays PLC Acquires 56,988 Shares of BorgWarner Inc. (NYSE:BWA)

Barclays PLC boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,476 shares of the auto parts company’s stock after acquiring an additional 56,988 shares during the quarter. Barclays PLC owned 0.20% of BorgWarner worth $16,092,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Point72 Asset Management L.P. boosted its position in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after buying an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after buying an additional 1,640,503 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after buying an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of BorgWarner by 86.0% in the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after acquiring an additional 652,097 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. 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 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. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.20.

Insider Transactions at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Down 2.9 %

Shares of BorgWarner stock opened at $34.05 on Monday. The business has a fifty day simple moving average of $34.38 and a 200 day simple moving average of $33.65. The stock has a market cap of $7.45 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. 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 12 month low of $29.51 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. 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 company earned $0.98 EPS. Research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.11 dividend. The ex-dividend date of this dividend 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%.

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.