Atria Investments Inc Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Atria Investments Inc raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,973 shares of the auto parts company’s stock after buying an additional 3,638 shares during the quarter. Atria Investments Inc’s holdings in BorgWarner were worth $1,197,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Spectrum Asset Management Inc. NB CA increased its holdings in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after purchasing an additional 316 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of BorgWarner by 1.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after acquiring an additional 335 shares during the period. First Pacific Financial grew its holdings in shares of BorgWarner by 3.6% in the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 340 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in shares of BorgWarner by 2.2% in the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after acquiring an additional 350 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of BorgWarner by 4.6% in the third quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company’s stock worth $342,000 after acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,966 shares of company stock valued at $6,225,843. 0.45% of the stock is owned by corporate insiders.

BorgWarner Price Performance

BorgWarner stock opened at $34.50 on Friday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The stock has a market cap of $7.55 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $34.27 and a 200-day simple moving average of $33.98.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Equities analysts expect that BorgWarner Inc. will post 4.2 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Analyst Ratings Changes

BWA has been the subject of several research analyst reports. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Robert W. Baird boosted 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. Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Bank of America cut their price target on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.21.

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.