Mirabella Financial Services LLP Buys Shares of 25,018 BorgWarner Inc. (NYSE:BWA)

Mirabella Financial Services LLP purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,018 shares of the auto parts company’s stock, valued at approximately $908,000.

A number of other hedge funds also recently modified their holdings of the business. Matrix Trust Co bought a new stake in BorgWarner in the 3rd quarter valued at $25,000. LRI Investments LLC lifted its holdings in shares of BorgWarner by 2,685.3% in 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 acquired a new position in shares of BorgWarner during the second quarter worth about $32,000. Olistico Wealth LLC bought a new position in shares of BorgWarner during the second quarter worth about $35,000. Finally, Gradient Investments LLC grew its holdings in shares of BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after buying an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the business’s 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 directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,466 shares of company stock valued at $6,973,828. Company insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE:BWA opened at $35.18 on Tuesday. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.75 and a beta of 1.20. The stock’s 50 day moving average price is $34.50 and its two-hundred day moving average price is $33.87. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

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

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. 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 is presently 11.17%.

Analyst Ratings Changes

Several equities research analysts have commented on BWA shares. Wolfe Research initiated coverage on BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company cut their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.