BNP Paribas Has $721,000 Stake in BorgWarner Inc. (NYSE:BWA)

BNP Paribas trimmed its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 20.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,879 shares of the auto parts company’s stock after selling 5,020 shares during the quarter. BNP Paribas’ holdings in BorgWarner were worth $721,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in shares of BorgWarner in the third quarter valued at about $25,000. LRI Investments LLC grew its position in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the second quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the third quarter valued at about $32,000. Finally, Olistico Wealth LLC acquired a new stake in shares of BorgWarner in the second quarter valued at about $35,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE BWA opened at $34.27 on Thursday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.78 and a beta of 1.20. The company has a 50 day moving average of $34.52 and a 200-day moving average of $33.84. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.98 earnings per share. On average, equities analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. 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 currently 11.17%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,466 shares of company stock valued at $6,973,828 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BWA. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price 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.