Whittier Trust Co. of Nevada Inc. Increases Stock Position in BorgWarner Inc. (NYSE:BWA)

Whittier Trust Co. of Nevada Inc. increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 108.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,302 shares of the auto parts company’s stock after purchasing an additional 1,200 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in BorgWarner were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of BorgWarner by 51.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company’s stock worth $646,000 after buying an additional 6,076 shares during the last quarter. Raymond James & Associates raised its stake in shares of BorgWarner by 8.0% during the 3rd quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company’s stock worth $6,968,000 after purchasing an additional 14,165 shares during the period. Blue Trust Inc. boosted its holdings in shares of BorgWarner by 7.2% in the 3rd quarter. Blue Trust Inc. now owns 10,926 shares of the auto parts company’s stock worth $397,000 after buying an additional 732 shares during the last quarter. Inspire Advisors LLC purchased a new stake in BorgWarner during the third quarter worth about $388,000. Finally, Trust Co. of Vermont raised its position in BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 645 shares during the period. 95.67% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now directly owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Trading Down 0.2 %

Shares of BWA opened at $34.12 on Thursday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $39.10. The company has a market capitalization of $7.77 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.26. The firm’s 50 day simple moving average is $33.95 and its 200 day simple moving average is $33.89.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm’s revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. Sell-side analysts forecast that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BWA shares. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Citigroup lowered their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Robert W. Baird increased their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Bank of America decreased their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $41.25.

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.