Thrivent Financial for Lutherans Acquires 75,671 Shares of BorgWarner Inc. (NYSE:BWA)

Thrivent Financial for Lutherans increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 786.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 85,296 shares of the auto parts company’s stock after acquiring an additional 75,671 shares during the period. Thrivent Financial for Lutherans’ holdings in BorgWarner were worth $3,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of BorgWarner by 59.2% in the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares during the period. Edgestream Partners L.P. grew its position in BorgWarner by 191.2% in the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after acquiring an additional 127,212 shares during the period. Virtu Financial LLC acquired a new position in BorgWarner during the second quarter worth $1,016,000. Earnest Partners LLC lifted its holdings in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares during the period. Finally, Comerica Bank boosted its stake in shares of BorgWarner by 25.0% in the 1st quarter. Comerica Bank now owns 87,911 shares of the auto parts company’s stock valued at $3,054,000 after purchasing an additional 17,596 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 201,466 shares of company stock worth $6,973,828 in the last three months. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of BWA stock opened at $35.18 on Tuesday. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.75 and a beta of 1.20. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $34.50 and a 200 day moving average price of $33.87.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Research analysts expect that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is currently 11.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BWA. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company decreased their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target 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.