Davis R M Inc. Cuts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Davis R M Inc. trimmed its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 33.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 132,044 shares of the auto parts company's stock after selling 65,100 shares during the period. Davis R M Inc. owned 0.06% of BorgWarner worth $4,792,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BWA. Daiwa Securities Group Inc. grew its position in shares of BorgWarner by 14.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,506 shares of the auto parts company's stock valued at $381,000 after buying an additional 1,345 shares during the last quarter. Swedbank AB lifted its position in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after purchasing an additional 593,265 shares during the period. Algert Global LLC boosted its stake in shares of BorgWarner by 84.5% in the 3rd quarter. Algert Global LLC now owns 177,853 shares of the auto parts company's stock valued at $6,454,000 after purchasing an additional 81,480 shares during the last quarter. Cerity Partners LLC raised its stake in BorgWarner by 19.0% during the third quarter. Cerity Partners LLC now owns 196,413 shares of the auto parts company's stock worth $7,128,000 after buying an additional 31,374 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after acquiring an additional 310 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Stefan Demmerle sold 21,500 shares of BorgWarner 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. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the business'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 sale, the vice president now owns 37,640 shares of the company's stock, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BWA shares. Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Robert W. Baird boosted their target price on BorgWarner from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Wells Fargo & Company reduced their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group cut their target price on BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Finally, Barclays boosted 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. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Price Performance

BorgWarner stock traded up $1.00 during mid-day trading on Monday, hitting $35.12. 951,423 shares of the company traded hands, compared to its average volume of 2,658,810. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $34.44 and a 200-day moving average price of $33.88.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts predict that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's dividend payout ratio (DPR) is presently 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.