25,018 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 25,018 shares of the auto parts company’s stock, valued at approximately $908,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWA. Matrix Trust Co acquired a new stake in shares of BorgWarner during the 3rd quarter worth $25,000. LRI Investments LLC bought a new stake in BorgWarner during the first quarter worth about $35,000. Sentry Investment Management LLC acquired a new stake in BorgWarner during the second quarter worth about $32,000. Olistico Wealth LLC bought a new position in BorgWarner in the 2nd quarter valued at about $35,000. Finally, Gradient Investments LLC raised its position 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 valued at $39,000 after buying an additional 1,106 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Up 3.1 %

NYSE:BWA opened at $35.18 on Tuesday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The company has a market cap of $7.69 billion, a PE ratio of 8.93, a P/E/G ratio of 0.75 and a beta of 1.20. The firm’s 50 day simple moving average is $34.50 and its 200 day simple moving average is $33.87.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for 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%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, research analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The business 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 $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. BorgWarner’s payout ratio is 11.17%.

Insider Transactions at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was 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 $7,915,177.27. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock worth $6,973,828 over the last ninety days. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BWA shares. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.