Strengthening Families & Communities LLC Grows Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Strengthening Families & Communities LLC boosted its position in BorgWarner Inc. (NYSE:BWA) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,568 shares of the auto parts company’s stock after purchasing an additional 5,301 shares during the period. Strengthening Families & Communities LLC’s holdings in BorgWarner were worth $1,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $25,000. LRI Investments LLC lifted its position in shares of BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 913 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner during the 2nd quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner during the 2nd quarter worth approximately $35,000. Finally, Gradient Investments LLC raised its position in shares of BorgWarner by 1,117.2% during the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,966 shares of company stock valued at $6,225,843 in the last quarter. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $34.50 on Monday. The firm has a market cap of $7.55 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. The firm’s 50-day simple moving average is $34.27 and its 200-day simple moving average is $33.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BWA shares. The Goldman Sachs Group cut their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company lowered their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Bank of America lowered their target price on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

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.