Algert Global LLC Has $6.45 Million Stake in BorgWarner Inc. (NYSE:BWA)

Algert Global LLC lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 84.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,853 shares of the auto parts company's stock after purchasing an additional 81,480 shares during the quarter. Algert Global LLC owned 0.08% of BorgWarner worth $6,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC lifted its position in shares of BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after buying an additional 310 shares during the period. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after acquiring an additional 316 shares during the period. First Pacific Financial lifted its holdings in shares of BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company's stock valued at $315,000 after acquiring an additional 340 shares during the period. Alpha Omega Wealth Management LLC boosted its stake in shares of BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company's stock valued at $602,000 after purchasing an additional 350 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in shares of BorgWarner by 4.6% in the 3rd quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company's stock worth $342,000 after purchasing an additional 414 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 1.1 %

BWA stock traded up $0.36 during midday trading on Friday, reaching $34.12. The company's stock had a trading volume of 1,681,146 shares, compared to its average volume of 2,154,621. The business's 50-day simple moving average is $34.44 and its 200-day simple moving average is $33.91. 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 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 PE ratio of 8.66, a price-to-earnings-growth ratio of 0.70 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm's revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. As a group, sell-side analysts expect 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. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. 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 1.29%. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

Insider Activity at BorgWarner

In related news, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was 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 of the company's stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Stefan Demmerle sold 21,500 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company's stock, valued at approximately $7,915,177.27. The trade was 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 in the last ninety days. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWA. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, October 21st. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Friday, August 2nd. Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $41.21.

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.