Capital Performance Advisors LLP Buys Shares of 2,136 BorgWarner Inc. (NYSE:BWA)

Capital Performance Advisors LLP purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,136 shares of the auto parts company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co purchased a new position in BorgWarner during the third quarter valued at $25,000. LRI Investments LLC boosted its position in shares of BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner in the second quarter worth $32,000. Olistico Wealth LLC bought a new stake in shares of BorgWarner during the 2nd quarter valued at $35,000. Finally, Gradient Investments LLC lifted its stake in shares of BorgWarner by 1,117.2% during 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. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Down 3.3 %

Shares of NYSE:BWA opened at $33.91 on Friday. The firm has a market capitalization of $7.42 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20. The business has a 50 day simple moving average of $34.10 and a two-hundred day simple moving average of $33.92. BorgWarner Inc. has a 1 year low of $29.51 and a 1 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.

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

BorgWarner Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. BorgWarner’s dividend payout ratio is currently 11.17%.

Wall Street Analyst Weigh In

A number of research firms have commented on BWA. Robert W. Baird raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut their target price on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, 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. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $41.44.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at $1,472,512. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

About BorgWarner

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.