Fmr LLC Lowers Holdings in BorgWarner Inc. (NYSE:BWA)

FMR LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 771,081 shares of the auto parts company's stock after selling 34,677 shares during the period. FMR LLC owned about 0.35% of BorgWarner worth $27,983,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company's stock worth $168,638,000 after purchasing an additional 4,625,685 shares during the last quarter. Point72 Asset Management L.P. boosted its position in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company's stock worth $79,010,000 after purchasing an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BorgWarner by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company's stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the last quarter. Earnest Partners LLC raised its stake in shares of BorgWarner by 20.2% during the 2nd quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company's stock worth $128,308,000 after purchasing an additional 669,137 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of BorgWarner by 86.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company's stock worth $45,576,000 after buying an additional 652,097 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

BorgWarner Stock Up 0.9 %

BorgWarner stock traded up $0.31 on Tuesday, hitting $34.61. 1,778,891 shares of the stock traded hands, compared to its average volume of 2,641,515. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $34.42 and its 200 day simple moving average is $33.68. The firm has a market cap of $7.57 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.19.

BorgWarner (NYSE:BWA - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $0.98 earnings per share. The company's revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The company 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. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.27%. BorgWarner's dividend payout ratio is currently 11.17%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 21,500 shares of BorgWarner 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 $7,915,177.27. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 in the last three months. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BWA. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group dropped their price objective on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, October 1st. Wolfe Research began coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.21.

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.