Bridgewater Associates LP Boosts Holdings in BorgWarner Inc. (NYSE:BWA)

Bridgewater Associates LP grew its holdings in BorgWarner Inc. (NYSE:BWA) by 4,509.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,947 shares of the auto parts company’s stock after acquiring an additional 370,726 shares during the period. Bridgewater Associates LP owned 0.17% of BorgWarner worth $13,752,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of BorgWarner by 361.1% during 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 holdings in 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 worth $278,190,000 after acquiring an additional 1,640,503 shares in the last quarter. Earnest Partners LLC raised its stake in BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after acquiring an additional 669,137 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in BorgWarner by 86.0% during the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock valued at $45,576,000 after purchasing an additional 652,097 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In related news, 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,466 shares of company stock worth $6,973,828 over the last quarter. Insiders own 0.63% of the company’s stock.

BorgWarner Stock Up 0.3 %

Shares of NYSE BWA opened at $34.28 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The firm’s 50-day moving average price is $34.55 and its 200-day moving average price is $33.85. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.78 and a beta of 1.20.

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, beating analysts’ consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays increased their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, Wolfe Research assumed coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.