CWA Asset Management Group LLC Purchases Shares of 80,885 BorgWarner Inc. (NYSE:BWA)

CWA Asset Management Group LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 80,885 shares of the auto parts company's stock, valued at approximately $2,935,000.

Several other large investors have also modified their holdings of the stock. Matrix Trust Co acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $25,000. LRI Investments LLC grew its position in BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock worth $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC acquired a new position in BorgWarner in the second quarter valued at $32,000. Olistico Wealth LLC acquired a new position in BorgWarner in the second quarter valued at $35,000. Finally, Gradient Investments LLC boosted its stake in shares of BorgWarner by 1,117.2% during the second 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 and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on BWA shares. Evercore ISI raised 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 research note on Monday, October 14th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, October 21st. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Wells Fargo & Company dropped their price target on shares of BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.44.

BorgWarner Price Performance

NYSE:BWA traded down $1.14 during mid-day trading on Friday, hitting $33.92. 1,850,694 shares of the company's stock traded hands, compared to its average volume of 1,828,087. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market cap of $7.42 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. The firm's 50 day simple moving average is $34.10 and its 200 day simple moving average is $33.93. 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 issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share 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 business had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same period last year, the company posted $0.98 EPS. The company's revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that BorgWarner Inc. will post 4.2 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, December 2nd. BorgWarner's payout ratio is currently 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.