Barclays PLC Acquires 56,988 Shares of BorgWarner Inc. (NYSE:BWA)

Barclays PLC raised its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443,476 shares of the auto parts company's stock after purchasing an additional 56,988 shares during the quarter. Barclays PLC owned approximately 0.20% of BorgWarner worth $16,092,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BWA. Mirabella Financial Services LLP bought a new position in BorgWarner in the third quarter worth $908,000. Swedbank AB grew its holdings in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after purchasing an additional 593,265 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock valued at $10,536,000 after purchasing an additional 64,126 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of BorgWarner by 191.2% in the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company's stock worth $6,246,000 after purchasing an additional 127,212 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BorgWarner in the 2nd quarter worth approximately $1,016,000. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Performance

Shares of NYSE BWA traded down $1.06 during trading on Monday, hitting $32.99. The company had a trading volume of 3,054,195 shares, compared to its average volume of 2,645,330. The stock has a 50 day simple moving average of $34.34 and a 200 day simple moving average of $33.64. The firm has a market capitalization of $7.21 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm earned $0.98 EPS. The company's revenue was down 4.8% on a year-over-year basis. As a group, analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, December 2nd. BorgWarner's dividend payout ratio is currently 11.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Evercore ISI raised shares of BorgWarner from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Guggenheim reiterated a "buy" rating and set a $41.00 target price on shares of BorgWarner in a research note on Thursday. Finally, Wolfe Research initiated coverage on BorgWarner in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is owned by company insiders.

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.