ING Groep NV Invests $1.11 Million in BorgWarner Inc. (NYSE:BWA)

ING Groep NV purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,462 shares of the auto parts company’s stock, valued at approximately $1,105,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares in the last quarter. Bessemer Group Inc. increased its holdings in BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock valued at $1,363,000 after purchasing an additional 18,640 shares in the last quarter. Edgestream Partners L.P. increased its holdings in BorgWarner by 419.7% during the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock valued at $2,311,000 after purchasing an additional 53,721 shares in the last quarter. Toronto Dominion Bank increased its holdings in BorgWarner by 33.4% during the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock valued at $4,790,000 after purchasing an additional 34,488 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in BorgWarner during the 2nd quarter valued at $1,016,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. This represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 179,966 shares of company stock worth $6,225,843. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

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

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

BorgWarner Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BWA shares. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Robert W. Baird increased their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Barclays increased their price objective on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.