UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in BorgWarner Inc. (NYSE:BWA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 23.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 730,896 shares of the auto parts company's stock after selling 229,396 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of BorgWarner worth $26,524,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Matrix Trust Co bought a new position in shares of BorgWarner during the third quarter valued at $25,000. LRI Investments LLC lifted its stake in shares of 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 buying an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of BorgWarner during the second quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in shares of BorgWarner during the third quarter valued at approximately $32,000. Finally, Gradient Investments LLC raised 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 acquiring an additional 1,106 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $0.76 during mid-day trading on Thursday, reaching $34.04. 870,966 shares of the company traded hands, compared to its average volume of 2,641,179. The company's 50 day moving average price is $34.55 and its 200-day moving average price is $33.73. The firm has a market cap of $7.44 billion, a PE ratio of 8.83, a PEG ratio of 0.75 and a beta of 1.19. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) 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 firm had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. BorgWarner's dividend payout ratio (DPR) is 11.17%.

Wall Street Analyst Weigh In

BWA has been the subject of a number of research analyst reports. Wolfe Research began coverage on BorgWarner in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. Finally, Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $41.21.

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.