BorgWarner Inc. (NYSE:BWA) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 44.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 304,243 shares of the auto parts company's stock after purchasing an additional 93,220 shares during the quarter. Glenmede Trust Co. NA owned 0.14% of BorgWarner worth $11,041,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in BorgWarner in the 3rd quarter worth about $25,000. LRI Investments LLC increased its stake 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 buying an additional 913 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner during the 2nd quarter worth approximately $32,000. Brooklyn Investment Group purchased a new stake in BorgWarner during the 3rd quarter worth approximately $32,000. Finally, Olistico Wealth LLC purchased a new stake in BorgWarner during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group cut their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Trading Up 0.1 %

BorgWarner stock traded up $0.04 during mid-day trading on Friday, hitting $34.32. The company's stock had a trading volume of 1,041,393 shares, compared to its average volume of 2,650,169. The firm has a market capitalization of $7.51 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. 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 stock's fifty day moving average is $34.57 and its two-hundred day moving average is $33.83.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm's revenue was down 4.8% compared to the same quarter last year. On average, analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's payout ratio is currently 11.17%.

Insider Activity

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company's stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares of the company's stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,010 shares of company stock worth $7,678,076. Corporate insiders own 0.45% of the company's stock.

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.