True Wealth Design LLC Takes $38,000 Position in BorgWarner Inc. (NYSE:BWA)

True Wealth Design LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,051 shares of the auto parts company’s stock, valued at approximately $38,000.

Several other large investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of BorgWarner during the first quarter valued at approximately $208,000. Tidal Investments LLC boosted its holdings in shares of BorgWarner by 21.2% during the 1st quarter. Tidal Investments LLC now owns 35,912 shares of the auto parts company’s stock valued at $1,248,000 after buying an additional 6,278 shares in the last quarter. Comerica Bank grew its position in shares of BorgWarner by 25.0% in the 1st quarter. Comerica Bank now owns 87,911 shares of the auto parts company’s stock worth $3,054,000 after buying an additional 17,596 shares during the period. GAMMA Investing LLC increased its stake in shares of BorgWarner by 76.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,806 shares of the auto parts company’s stock worth $90,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new position in BorgWarner during the 2nd quarter valued at about $35,000. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of 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 BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research began coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group reduced their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Stock Performance

Shares of BWA stock opened at $34.32 on Monday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $34.57 and a 200-day moving average price of $33.80. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The firm has a market capitalization of $7.51 billion, a PE ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion during 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 firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, equities research analysts expect that BorgWarner Inc. will post 4.22 earnings per share 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 given 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 1.28%. BorgWarner’s payout ratio is 11.17%.

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,010 shares of company stock valued at $7,678,076. Insiders own 0.45% 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.