Thrivent Financial for Lutherans Acquires 75,671 Shares of BorgWarner Inc. (NYSE:BWA)

Thrivent Financial for Lutherans boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 786.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,296 shares of the auto parts company's stock after acquiring an additional 75,671 shares during the period. Thrivent Financial for Lutherans' holdings in BorgWarner were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quadrature Capital Ltd acquired a new position in shares of BorgWarner in the first quarter valued at approximately $285,000. LRI Investments LLC bought a new stake in BorgWarner during the first quarter worth about $35,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BorgWarner in the 1st quarter valued at approximately $208,000. Motley Fool Asset Management LLC bought a new position in shares of BorgWarner in the 1st quarter valued at about $497,000. Finally, Tidal Investments LLC grew its holdings in BorgWarner by 21.2% during the first quarter. Tidal Investments LLC now owns 35,912 shares of the auto parts company's stock worth $1,248,000 after purchasing an additional 6,278 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BorgWarner stock traded down $1.01 during trading on Tuesday, reaching $34.17. 2,257,990 shares of the company's stock were exchanged, compared to its average volume of 2,663,256. The firm's 50-day moving average price is $34.50 and its 200 day moving average price is $33.87. The company has a market cap of $7.47 billion, a P/E ratio of 8.62, a PEG ratio of 0.75 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 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during 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 for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, research analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The company 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 $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.29%. BorgWarner's dividend payout ratio is presently 11.17%.

Insider Activity

In other news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares of the company's stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % 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 valued at $6,973,828. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BWA has been the topic of several research reports. Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group lowered their target price on BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. decreased their price objective on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and a consensus target price 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.