Pathstone Holdings LLC Cuts Holdings in BorgWarner Inc. (NYSE:BWA)

Pathstone Holdings LLC lessened its position in shares of BorgWarner Inc. (NYSE:BWA) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,664 shares of the auto parts company’s stock after selling 807 shares during the period. Pathstone Holdings LLC’s holdings in BorgWarner were worth $2,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after acquiring an additional 1,640,503 shares during the period. Earnest Partners LLC raised its position in 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 purchasing an additional 669,137 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Sei Investments Co. lifted its stake in shares of BorgWarner by 17.1% during the second quarter. Sei Investments Co. now owns 2,217,195 shares of the auto parts company’s stock worth $71,482,000 after purchasing an additional 324,087 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of BorgWarner by 86.0% in 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. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were 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 in the company, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,466 shares of company stock valued at $6,973,828. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of BWA opened at $34.17 on Wednesday. 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 firm has a market cap of $7.47 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.75 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The stock has a 50 day moving average of $34.50 and a 200-day moving average of $33.87.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 currently 11.17%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

BorgWarner 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.