ING Groep NV Purchases Shares of 30,462 BorgWarner Inc. (NYSE:BWA)

ING Groep NV bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,462 shares of the auto parts company's stock, valued at approximately $1,105,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWA. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BorgWarner by 1.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company's stock valued at $667,000 after acquiring an additional 335 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in BorgWarner in the first quarter valued at about $1,076,000. Edgestream Partners L.P. grew its stake in BorgWarner by 419.7% in the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company's stock valued at $2,311,000 after acquiring an additional 53,721 shares during the period. Covestor Ltd grew its stake in BorgWarner by 47.2% in the first quarter. Covestor Ltd now owns 3,048 shares of the auto parts company's stock valued at $106,000 after acquiring an additional 978 shares during the period. Finally, UniSuper Management Pty Ltd grew its stake in BorgWarner by 731.4% in the first quarter. UniSuper Management Pty Ltd now owns 30,920 shares of the auto parts company's stock valued at $1,074,000 after acquiring an additional 27,201 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE BWA traded down $0.16 during mid-day trading on Monday, hitting $34.34. 578,674 shares of the stock traded hands, compared to its average volume of 2,681,459. The company has a market cap of $7.51 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.71 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. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22. The firm has a 50 day simple moving average of $34.27 and a two-hundred day simple moving average of $33.99.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Dividend Announcement

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

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. Barclays upped their price objective on BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. Finally, The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. 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, BorgWarner has an average rating of "Moderate Buy" and an average target price of $41.21.

Insider Transactions at BorgWarner

In other news, 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 completion of the transaction, the vice president now directly owns 37,640 shares of the company's stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the firm's 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 completion of the sale, the executive vice president now owns 32,366 shares of the company's stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,466 shares of company stock valued at $6,973,828. 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.