BorgWarner Inc. (NYSE:BWA) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 50.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,051 shares of the auto parts company's stock after acquiring an additional 18,175 shares during the period. Janney Montgomery Scott LLC's holdings in BorgWarner were worth $1,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in BorgWarner during the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in shares of BorgWarner during the 1st quarter worth approximately $35,000. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner during the 2nd quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in shares of BorgWarner during the 2nd quarter worth approximately $35,000. Finally, Gradient Investments LLC lifted its position in shares of BorgWarner by 1,117.2% during the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company's stock worth $39,000 after buying an additional 1,106 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BWA shares. Barclays boosted their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on shares of BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.44.

Insider Transactions at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares of the company's stock, valued at $1,115,656.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Paul Arthur Farrell sold 20,266 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares of the company's stock, valued at $1,115,656.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,966 shares of company stock valued at $6,225,843 in the last ninety days. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

BorgWarner stock traded down $0.33 during trading hours on Wednesday, reaching $34.81. 2,413,854 shares of the stock were exchanged, compared to its average volume of 2,699,556. The stock has a market cap of $7.61 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.73 and a beta of 1.20. 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 52-week low of $29.51 and a 52-week high of $38.22. The firm's 50 day moving average is $34.19 and its 200 day moving average is $33.96.

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 for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same period in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that BorgWarner Inc. will post 4.2 EPS for the current fiscal 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 dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

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.