BorgWarner Inc. (NYSE:BWA) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 39.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,923 shares of the auto parts company's stock after selling 29,560 shares during the period. Amalgamated Bank's holdings in BorgWarner were worth $1,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Matrix Trust Co acquired a new position in BorgWarner in the 3rd quarter valued at about $25,000. LRI Investments LLC raised its stake in BorgWarner by 2,685.3% in the 2nd 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 during the last quarter. Sentry Investment Management LLC acquired a new position in BorgWarner in the 2nd quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in BorgWarner in the 2nd quarter valued at about $35,000. Finally, Gradient Investments LLC raised its stake in BorgWarner by 1,117.2% in the 2nd 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 during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Up 0.8 %

NYSE BWA traded up $0.28 during mid-day trading on Wednesday, reaching $35.42. 918,600 shares of the company's stock traded hands, compared to its average volume of 2,692,493. 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 1-year low of $29.51 and a 1-year high of $38.22. The company has a fifty day simple moving average of $34.16 and a 200-day simple moving average of $33.96. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.72 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data 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. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $0.98 EPS. BorgWarner's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that BorgWarner Inc. will post 4.2 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.24%. BorgWarner's dividend payout ratio is presently 11.17%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Robert W. Baird raised their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Barclays boosted their target price on shares of BorgWarner from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Bank of America decreased their price target on shares of BorgWarner from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and an average target price of $41.44.

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.