Executive Wealth Management LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

Executive Wealth Management LLC bought a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 42,589 shares of the auto parts company's stock, valued at approximately $1,546,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CWA Asset Management Group LLC bought a new position in shares of BorgWarner during the third quarter worth about $2,935,000. Capital Performance Advisors LLP acquired a new stake in shares of BorgWarner in the third quarter valued at $78,000. Financial Strategies Group Inc. lifted its position in shares of BorgWarner by 24.0% during the 3rd quarter. Financial Strategies Group Inc. now owns 8,104 shares of the auto parts company's stock valued at $287,000 after acquiring an additional 1,570 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of BorgWarner by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock valued at $9,502,000 after acquiring an additional 7,559 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of BorgWarner by 24.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,348 shares of the auto parts company's stock worth $158,000 after purchasing an additional 863 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Trading Down 3.3 %

BWA stock traded down $1.14 during midday trading on Friday, hitting $33.92. The stock had a trading volume of 1,850,694 shares, compared to its average volume of 1,828,087. The firm 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 company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The company's 50-day moving average price is $34.10 and its 200 day moving average price is $33.92. 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 posted its 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. The firm had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 4.2 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BWA. Barclays increased their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Wolfe Research began coverage on BorgWarner in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of 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 shares of BorgWarner from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company lowered their target price on BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

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.