Quest Partners LLC Cuts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Quest Partners LLC lessened its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 63.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,499 shares of the auto parts company's stock after selling 19,902 shares during the quarter. Quest Partners LLC's holdings in BorgWarner were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Matrix Trust Co purchased a new stake in BorgWarner in the 3rd quarter worth approximately $25,000. LRI Investments LLC raised its position in shares of BorgWarner by 2,685.3% during 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 period. Sentry Investment Management LLC purchased a new position in shares of BorgWarner during the 2nd quarter valued at $32,000. Olistico Wealth LLC purchased a new position in shares of BorgWarner during the 2nd quarter valued at $35,000. Finally, Gradient Investments LLC boosted its holdings 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 worth $39,000 after buying an additional 1,106 shares during the period. Institutional investors own 95.67% of the company's stock.

Insider Transactions at BorgWarner

In related news, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the company's stock in a transaction dated 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 in the company, valued at $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,466 shares of company stock worth $6,973,828. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BWA shares. Wells Fargo & Company lowered their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Finally, The Goldman Sachs Group reduced 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. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Trading Up 3.1 %

Shares of NYSE:BWA traded up $1.06 during trading on Monday, hitting $35.18. The company had a trading volume of 2,370,585 shares, compared to its average volume of 2,665,034. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The company has a fifty day simple moving average of $34.50 and a two-hundred day simple moving average of $33.87. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22.

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 for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts forecast 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. Shareholders of record on Monday, December 2nd will be given 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 dividend yield of 1.25%. BorgWarner's dividend payout ratio (DPR) is presently 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.