Cornercap Investment Counsel Inc. Invests $553,000 in BorgWarner Inc. (NYSE:BWA)

Cornercap Investment Counsel Inc. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,252 shares of the auto parts company's stock, valued at approximately $553,000.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of BorgWarner by 59.2% during the second quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company's stock valued at $1,378,000 after purchasing an additional 15,883 shares during the period. Bessemer Group Inc. increased its holdings in shares of BorgWarner by 90.7% during the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company's stock valued at $1,363,000 after acquiring an additional 18,640 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of BorgWarner by 419.7% in the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company's stock worth $2,311,000 after purchasing an additional 53,721 shares in the last quarter. Toronto Dominion Bank grew its position in BorgWarner by 33.4% in the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company's stock valued at $4,790,000 after purchasing an additional 34,488 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in BorgWarner by 34.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 313,835 shares of the auto parts company's stock valued at $10,903,000 after purchasing an additional 81,264 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BWA. Robert W. Baird lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Bank of America dropped their target price on BorgWarner from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Barclays upped their price target on BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.21.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares of the company's stock, valued at $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,966 shares of company stock valued at $6,225,843. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

Shares of BorgWarner stock traded up $0.07 on Friday, reaching $34.50. 1,762,623 shares of the company traded hands, compared to its average volume of 2,131,667. 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 firm has a market capitalization of $7.55 billion, a PE ratio of 8.76, a PEG ratio of 0.71 and a beta of 1.20. The company has a 50 day moving average of $34.27 and a 200 day moving average of $33.99. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the company earned $0.98 earnings per share. BorgWarner's revenue was down 4.8% compared to the same quarter last year. Equities analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

The business 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. 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.