Charles Schwab Investment Management Inc. Raises Position in BorgWarner Inc. (NYSE:BWA)

Charles Schwab Investment Management Inc. lifted its stake in BorgWarner Inc. (NYSE:BWA) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,247,269 shares of the auto parts company’s stock after purchasing an additional 60,935 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.03% of BorgWarner worth $81,553,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Matrix Trust Co purchased a new position in BorgWarner during the third quarter worth $25,000. LRI Investments LLC boosted its stake in shares of BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC purchased a new position in shares of BorgWarner during the 2nd quarter worth about $32,000. Olistico Wealth LLC bought a new position in BorgWarner during the 2nd quarter valued at about $35,000. Finally, Gradient Investments LLC raised its position in BorgWarner by 1,117.2% in the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $34.27 on Thursday. The company has a market cap of $7.49 billion, a PE ratio of 8.70, a P/E/G ratio of 0.78 and a beta of 1.20. The firm’s 50 day moving average price is $34.52 and its 200-day moving average price is $33.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

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 the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for 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 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. Sell-side analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $41.21.

Insider Buying and Selling

In other BorgWarner news, EVP Paul Arthur Farrell sold 20,266 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 of the company’s stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, the chief executive officer now owns 259,957 shares in the company, 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 a total of 201,466 shares of company stock worth $6,973,828 in the last ninety days. 0.63% of the stock is owned by insiders.

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.