Hotchkis & Wiley Capital Management LLC Increases Position in BorgWarner Inc. (NYSE:BWA)

Hotchkis & Wiley Capital Management LLC raised its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,764,103 shares of the auto parts company's stock after acquiring an additional 445,540 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.26% of BorgWarner worth $100,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in BorgWarner in the third quarter valued at about $25,000. LRI Investments LLC boosted its position in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock worth $31,000 after buying an additional 913 shares during the period. Sentry Investment Management LLC acquired a new position in shares of BorgWarner during the second quarter worth about $32,000. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth about $32,000. Finally, Olistico Wealth LLC acquired a new position in shares of BorgWarner during the second quarter worth about $35,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective 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 increased their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Finally, The Goldman Sachs Group reduced their price target on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.21.

BorgWarner Stock Down 1.4 %

Shares of BWA traded down $0.47 during trading hours on Tuesday, hitting $33.85. The stock had a trading volume of 2,016,468 shares, compared to its average volume of 2,646,067. 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 firm has a 50 day simple moving average of $34.57 and a 200-day simple moving average of $33.75. The firm has a market capitalization of $7.40 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.19. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced 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 net margin of 6.33% and a return on equity of 15.51%. The business 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 earned $0.98 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts predict that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 21,500 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was 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. The trade was a 13.15 % decrease in their position. 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. 0.63% of the stock is currently owned by corporate insiders.

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.