Studio Investment Management LLC Acquires 310 Shares of BorgWarner Inc. (NYSE:BWA)

Studio Investment Management LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 12.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,813 shares of the auto parts company’s stock after purchasing an additional 310 shares during the period. Studio Investment Management LLC’s holdings in BorgWarner were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWA. Pacer Advisors Inc. lifted its holdings in BorgWarner by 21,752.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after acquiring an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in BorgWarner by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after purchasing an additional 1,640,503 shares during the last quarter. Earnest Partners LLC lifted its position in BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of BorgWarner by 86.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after buying an additional 652,097 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now owns 227,513 shares of the company’s stock, valued at $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 SEC, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly 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 201,466 shares of company stock valued at $6,973,828 in the last quarter. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BWA. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised 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. Robert W. Baird upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Barclays raised their target price on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Stock Up 1.1 %

Shares of BWA stock opened at $34.12 on Friday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. 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 firm has a fifty day moving average of $34.40 and a 200-day moving average of $33.95. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 8.66, a P/E/G 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal 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 paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is 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.