Bank of Montreal Can Sells 49,628 Shares of BorgWarner Inc. (NYSE:BWA)

Bank of Montreal Can decreased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,995 shares of the auto parts company's stock after selling 49,628 shares during the period. Bank of Montreal Can owned 0.12% of BorgWarner worth $9,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Matrix Trust Co bought a new position in BorgWarner in the third quarter worth approximately $25,000. LRI Investments LLC boosted its holdings in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock worth $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new position in BorgWarner in the second quarter worth approximately $32,000. Olistico Wealth LLC bought a new position in BorgWarner in the second quarter worth approximately $35,000. Finally, Gradient Investments LLC boosted its holdings in BorgWarner by 1,117.2% in the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company's stock worth $39,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 37,640 shares of the company's stock, valued at $1,303,096.80. This represents a 13.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on BWA shares. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group dropped 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. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. Wolfe Research assumed coverage on BorgWarner in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Finally, Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and raised their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six 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, the company presently has an average rating of "Moderate Buy" and an average price target of $41.21.

BorgWarner Price Performance

NYSE:BWA traded up $0.05 during trading hours on Monday, hitting $34.26. 584,024 shares of the company's stock traded hands, compared to its average volume of 2,640,842. The firm has a market cap of $7.49 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The business's fifty day simple moving average is $34.57 and its two-hundred day simple moving average is $33.77. 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 - 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, 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 company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

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

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.