Oppenheimer & Co. Inc. Decreases Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Oppenheimer & Co. Inc. cut its stake in BorgWarner Inc. (NYSE:BWA) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 47,085 shares of the auto parts company’s stock after selling 1,053 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BorgWarner were worth $1,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BWA. Aigen Investment Management LP acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $412,000. Crossmark Global Holdings Inc. boosted its holdings in BorgWarner by 27.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 111,254 shares of the auto parts company’s stock valued at $4,037,000 after purchasing an additional 23,820 shares during the last quarter. Atria Investments Inc grew its stake in shares of BorgWarner by 12.4% in the 3rd quarter. Atria Investments Inc now owns 32,973 shares of the auto parts company’s stock valued at $1,197,000 after buying an additional 3,638 shares during the period. Executive Wealth Management LLC acquired a new stake in shares of BorgWarner during the 3rd quarter worth approximately $1,546,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $2,935,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Up 0.2 %

NYSE BWA opened at $34.50 on Monday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The firm has a 50 day moving average of $34.27 and a two-hundred day moving average of $33.99. The stock has a market capitalization of $7.55 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

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

Insider Activity

In other BorgWarner news, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $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 179,966 shares of company stock valued at $6,225,843 in the last ninety days. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Bank of America reduced their price objective on shares of BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group lowered their target price 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 boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered 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. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

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.