BorgWarner Inc. (NYSE:BWA) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP grew its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 4,509.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,947 shares of the auto parts company's stock after purchasing an additional 370,726 shares during the period. Bridgewater Associates LP owned approximately 0.17% of BorgWarner worth $13,752,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Baldwin Investment Management LLC lifted its stake in shares of BorgWarner by 14.4% in the 3rd quarter. Baldwin Investment Management LLC now owns 81,504 shares of the auto parts company's stock worth $2,958,000 after acquiring an additional 10,249 shares during the period. Brooklyn Investment Group purchased a new position in BorgWarner during the third quarter worth about $32,000. Mirabella Financial Services LLP acquired a new stake in BorgWarner in the third quarter valued at about $908,000. Truvestments Capital LLC purchased a new stake in BorgWarner in the 3rd quarter valued at approximately $123,000. Finally, Independent Advisor Alliance raised its stake in shares of BorgWarner by 170.8% during the 3rd quarter. Independent Advisor Alliance now owns 19,878 shares of the auto parts company's stock worth $721,000 after buying an additional 12,538 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BWA. Robert W. Baird lifted their price target on BorgWarner from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. reduced their price objective on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.21.

BorgWarner Trading Up 0.1 %

Shares of BWA stock traded up $0.02 during mid-day trading on Friday, hitting $34.30. 1,041,392 shares of the company's stock were exchanged, compared to its average volume of 2,650,169. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.76 and a beta of 1.20. The stock has a 50-day simple moving average of $34.56 and a two-hundred day simple moving average of $33.85. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results 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 return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The firm's revenue was down 4.8% on a year-over-year basis. Equities analysts expect that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. BorgWarner's payout ratio is 11.17%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm's stock in a transaction on Monday, November 11th. The shares were 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 directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is currently owned by company insiders.

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.