Busey Bank Acquires 3,312 Shares of BorgWarner Inc. (NYSE:BWA)

Busey Bank boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,530 shares of the auto parts company’s stock after purchasing an additional 3,312 shares during the quarter. Busey Bank owned 0.07% of BorgWarner worth $5,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BWA. Tectonic Advisors LLC grew its stake in BorgWarner by 9.3% during the third quarter. Tectonic Advisors LLC now owns 13,049 shares of the auto parts company’s stock worth $474,000 after buying an additional 1,110 shares in the last quarter. Keene & Associates Inc. lifted its holdings in shares of BorgWarner by 0.6% during the 3rd quarter. Keene & Associates Inc. now owns 97,823 shares of the auto parts company’s stock worth $3,550,000 after acquiring an additional 583 shares during the period. Spectrum Asset Management Inc. NB CA boosted its position in shares of BorgWarner by 0.5% during the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after acquiring an additional 316 shares in the last quarter. International Assets Investment Management LLC bought a new position in BorgWarner in the third quarter valued at approximately $11,960,000. Finally, Private Advisor Group LLC increased its stake in BorgWarner by 8.4% in the third quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 549 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of BWA opened at $33.45 on Friday. The business has a 50-day moving average of $33.97 and a 200-day moving average of $33.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $39.10.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business earned $1.35 EPS. The company’s revenue was down 20.3% compared to the same quarter last year. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.1 earnings per share for the current year.

Insider Buying and Selling at BorgWarner

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

Analyst Ratings Changes

A number of research firms have recently weighed in on BWA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a research note on Tuesday, September 10th. Barclays increased their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their price target 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, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

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.