BorgWarner Inc. (NYSE:BWA) Position Lifted by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,639 shares of the auto parts company’s stock after acquiring an additional 596 shares during the quarter. Arkadios Wealth Advisors’ holdings in BorgWarner were worth $422,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC boosted its stake in BorgWarner by 30.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 10,798 shares of the auto parts company’s stock valued at $392,000 after acquiring an additional 2,517 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in BorgWarner by 74.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,409 shares of the auto parts company’s stock valued at $640,000 after acquiring an additional 7,414 shares during the last quarter. Osborne Partners Capital Management LLC boosted its stake in BorgWarner by 0.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 361,649 shares of the auto parts company’s stock valued at $13,124,000 after acquiring an additional 1,957 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new position in BorgWarner during the 3rd quarter valued at $215,000. Finally, Busey Bank boosted its stake in BorgWarner by 2.1% during the 3rd quarter. Busey Bank now owns 160,530 shares of the auto parts company’s stock valued at $5,826,000 after acquiring an additional 3,312 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWA has been the topic of a number of recent research reports. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $36.00 price objective on shares of BorgWarner in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company reduced their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $41.25.

BorgWarner Stock Performance

BWA stock opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The stock has a market cap of $7.64 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.81 and a beta of 1.20. The firm has a 50 day simple moving average of $34.06 and a 200 day simple moving average of $33.86. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22.

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

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

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.