Landscape Capital Management L.L.C. Takes $1.13 Million Position in BorgWarner Inc. (NYSE:BWA)

Landscape Capital Management L.L.C. bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,051 shares of the auto parts company’s stock, valued at approximately $1,127,000.

A number of other large investors have also bought and sold shares of the stock. Matrix Trust Co bought a new position in shares of BorgWarner during the 3rd quarter worth about $25,000. LRI Investments LLC acquired a new stake in BorgWarner in the first quarter valued at approximately $35,000. Sentry Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner during the second quarter worth approximately $35,000. Finally, Gradient Investments LLC lifted its holdings in shares of BorgWarner by 1,117.2% in 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 in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BWA shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Barclays upped their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Robert W. Baird raised their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company decreased their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.21.

Insider Buying and Selling at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner 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 $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,466 shares of company stock worth $6,973,828 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $34.12 on Friday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company’s 50-day moving average is $34.40 and its 200 day moving average is $33.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market capitalization of $7.46 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results 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 firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

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. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

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.