BorgWarner Inc. (NYSE:BWA) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. reduced its stake in BorgWarner Inc. (NYSE:BWA) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 281,590 shares of the auto parts company’s stock after selling 12,140 shares during the quarter. CORDA Investment Management LLC. owned 0.12% of BorgWarner worth $10,219,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Trillium Asset Management LLC lifted its holdings in shares of BorgWarner by 2.1% in the 1st quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock worth $479,000 after acquiring an additional 283 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after acquiring an additional 285 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of 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 worth $2,158,000 after acquiring an additional 316 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in BorgWarner by 1.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after buying an additional 335 shares during the period. Finally, First Pacific Financial increased its stake in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after buying an additional 340 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Barclays upped their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $36.00 target price on shares of BorgWarner in a research note on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $41.25.

BorgWarner Trading Down 0.1 %

NYSE BWA opened at $33.41 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.26. The firm’s fifty day moving average price is $34.06 and its 200 day moving average price is $33.87. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 0.73 and a beta of 1.20. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, sell-side analysts expect that BorgWarner Inc. will post 4.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 sale, the executive vice president now owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by company insiders.

BorgWarner Company 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.