Charles Schwab Investment Management Inc. Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Charles Schwab Investment Management Inc. grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,247,269 shares of the auto parts company's stock after purchasing an additional 60,935 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of BorgWarner worth $81,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BWA. Spectrum Asset Management Inc. NB CA boosted its stake in BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after acquiring an additional 316 shares during the last quarter. First Pacific Financial raised its holdings in shares of BorgWarner by 3.6% in the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company's stock worth $315,000 after purchasing an additional 340 shares during the period. Alpha Omega Wealth Management LLC lifted its stake in BorgWarner by 2.2% in the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company's stock valued at $602,000 after purchasing an additional 350 shares during the last quarter. PFG Investments LLC grew its holdings in BorgWarner by 4.6% during the third quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company's stock valued at $342,000 after purchasing an additional 414 shares during the period. Finally, Conscious Wealth Investments LLC increased its position in BorgWarner by 0.6% in the second quarter. Conscious Wealth Investments LLC now owns 81,684 shares of the auto parts company's stock worth $2,659,000 after buying an additional 478 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock 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. Barclays upped their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. 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 note on Tuesday, October 1st. Finally, Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

Insider Activity at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,700 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value 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 trade represents a 13.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company's stock, valued at $7,915,177.27. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock worth $6,973,828 in the last three months. 0.63% of the stock is owned by insiders.

BorgWarner Trading Up 0.3 %

Shares of BWA stock opened at $34.27 on Thursday. The business has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $33.84. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month 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. The firm has a market cap of $7.49 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.20.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, beating 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 last year, the business earned $0.98 earnings per share. The business's quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

BorgWarner Company 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.