Bridgewater Associates LP Buys 370,726 Shares of BorgWarner Inc. (NYSE:BWA)

Bridgewater Associates LP grew its stake in BorgWarner Inc. (NYSE:BWA) by 4,509.5% during the third quarter, Holdings Channel.com reports. The fund owned 378,947 shares of the auto parts company’s stock after purchasing an additional 370,726 shares during the quarter. Bridgewater Associates LP’s holdings in BorgWarner were worth $13,752,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BWA. Dimensional Fund Advisors LP grew its stake in 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 worth $278,190,000 after purchasing an additional 1,640,503 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of BorgWarner by 21,752.6% in 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 during the period. Earnest Partners LLC grew its position in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after buying an additional 669,137 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of BorgWarner by 361.1% during 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 buying an additional 1,919,219 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BorgWarner by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock valued at $81,553,000 after buying an additional 60,935 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BWA. The Goldman Sachs Group lowered their price objective 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. Robert W. Baird upped their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Barclays boosted their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 201,466 shares of company stock valued at $6,973,828 in the last ninety days. Company insiders own 0.63% of the company’s stock.

BorgWarner Trading Up 0.3 %

Shares of NYSE:BWA opened at $34.28 on Friday. The business’s 50-day moving average is $34.55 and its 200 day moving average is $33.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The firm has a market capitalization of $7.50 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.78 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. The firm 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%. BorgWarner’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, research analysts predict that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. 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 (DPR) is presently 11.17%.

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.