Erste Asset Management GmbH Makes New $11.11 Million Investment in BorgWarner Inc. (NYSE:BWA)

Erste Asset Management GmbH acquired a new position in BorgWarner Inc. (NYSE:BWA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 302,818 shares of the auto parts company's stock, valued at approximately $11,113,000. Erste Asset Management GmbH owned 0.14% of BorgWarner at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in BorgWarner in the third quarter valued at approximately $38,000. Captrust Financial Advisors lifted its stake in BorgWarner by 5.6% in the third quarter. Captrust Financial Advisors now owns 92,206 shares of the auto parts company's stock valued at $3,346,000 after buying an additional 4,860 shares during the period. Public Sector Pension Investment Board lifted its stake in BorgWarner by 2.6% in the third quarter. Public Sector Pension Investment Board now owns 39,707 shares of the auto parts company's stock valued at $1,441,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BorgWarner by 9.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,511 shares of the auto parts company's stock valued at $1,978,000 after buying an additional 4,497 shares during the period. Finally, FORA Capital LLC acquired a new position in BorgWarner in the third quarter valued at approximately $284,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BWA. The Goldman Sachs Group dropped their price target 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. lowered their target price on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Evercore ISI raised BorgWarner from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Wolfe Research initiated 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.21.

BorgWarner Price Performance

BWA traded up $0.09 during trading on Monday, reaching $34.30. 642,476 shares of the company were exchanged, compared to its average volume of 2,641,378. The company's 50-day moving average is $34.57 and its two-hundred day moving average is $33.77. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20. 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 Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share 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 firm had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter last year, the firm posted $0.98 EPS. The company's revenue was down 4.8% compared to the same quarter last year. Research analysts forecast 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 issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. BorgWarner's payout ratio is currently 11.17%.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company's stock, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 in the last 90 days. Corporate insiders own 0.45% of the company's stock.

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.