Algert Global LLC Purchases 81,480 Shares of BorgWarner Inc. (NYSE:BWA)

Algert Global LLC lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 84.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,853 shares of the auto parts company’s stock after buying an additional 81,480 shares during the quarter. Algert Global LLC’s holdings in BorgWarner were worth $6,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co bought a new position in shares of BorgWarner during the 3rd quarter worth $25,000. LRI Investments LLC boosted its position in BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new stake in BorgWarner during the second quarter valued at about $32,000. Olistico Wealth LLC bought a new stake in BorgWarner during the second quarter valued at about $35,000. Finally, Gradient Investments LLC boosted its position in BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 1.1 %

Shares of NYSE:BWA opened at $34.12 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.70 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. The business has a 50-day moving average price of $34.44 and a 200-day moving average price of $33.91.

BorgWarner (NYSE:BWA) last announced its quarterly 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. The company 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 quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. Equities analysts predict that BorgWarner Inc. will post 4.24 EPS for the current year.

BorgWarner Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BWA. Robert W. Baird raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company decreased their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Barclays increased their price target on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group decreased their price target on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.21.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the firm’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 value of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. The trade was a 37.20 % 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 worth $6,973,828. 0.45% of the stock is owned by corporate 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.