Moran Wealth Management LLC Has $615,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Moran Wealth Management LLC cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,937 shares of the auto parts company’s stock after selling 328 shares during the period. Moran Wealth Management LLC’s holdings in BorgWarner were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BWA. Point72 Asset Management L.P. boosted its stake in BorgWarner by 361.1% in the 2nd 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 purchasing an additional 1,919,219 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares during the period. Earnest Partners LLC grew its stake in shares of BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares in the last quarter. Hsbc Holdings PLC increased its position in BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after acquiring an additional 652,097 shares during the period. Finally, Swedbank AB raised its stake in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after purchasing an additional 593,265 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 1.1 %

Shares of BWA opened at $34.12 on Friday. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.68 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. 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 stock has a fifty day moving average of $34.40 and a 200-day moving average of $33.95.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.50 billion. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the company’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 value of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,466 shares of company stock worth $6,973,828. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Robert W. Baird increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

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.