GSA Capital Partners LLP Reduces Position in BorgWarner Inc. (NYSE:BWA)

GSA Capital Partners LLP lowered its position in BorgWarner Inc. (NYSE:BWA) by 69.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,694 shares of the auto parts company’s stock after selling 17,611 shares during the period. GSA Capital Partners LLP’s holdings in BorgWarner were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Point72 Asset Management L.P. increased its holdings in shares of BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after acquiring an additional 1,919,219 shares during the period. Dimensional Fund Advisors LP increased its stake in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Earnest Partners LLC raised its holdings in shares of BorgWarner by 20.2% in 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 buying an additional 669,137 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after buying an additional 652,097 shares during the period. Finally, Swedbank AB grew its holdings in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after buying an additional 593,265 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 201,466 shares of company stock worth $6,973,828. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased 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. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research initiated coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $34.12 on Friday. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business’s 50 day simple moving average is $34.44 and its 200-day simple moving average is $33.91. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. BorgWarner’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, equities analysts forecast that BorgWarner Inc. will post 4.24 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. BorgWarner’s payout ratio is 11.17%.

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.