BorgWarner Inc. (NYSE:BWA) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 68.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 437,058 shares of the auto parts company's stock after selling 951,358 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.20% of BorgWarner worth $15,861,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HITE Hedge Asset Management LLC lifted its stake in BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock worth $10,536,000 after purchasing an additional 64,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in BorgWarner by 19.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company's stock worth $100,309,000 after purchasing an additional 445,540 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in BorgWarner in the 3rd quarter worth $11,113,000. True Wealth Design LLC purchased a new stake in BorgWarner in the 3rd quarter worth $38,000. Finally, Captrust Financial Advisors lifted its stake in BorgWarner by 5.6% in the 3rd quarter. Captrust Financial Advisors now owns 92,206 shares of the auto parts company's stock worth $3,346,000 after purchasing an additional 4,860 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

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

BorgWarner Stock Down 2.3 %

NYSE:BWA traded down $0.81 during midday trading on Thursday, reaching $33.99. 2,241,021 shares of the stock traded hands, compared to its average volume of 2,647,379. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The business has a 50-day moving average of $34.55 and a two-hundred day moving average of $33.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a market capitalization of $7.43 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.75 and a beta of 1.19.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. On average, equities analysts forecast that BorgWarner Inc. will post 4.22 earnings per share 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 paid a $0.11 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner's payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the firm's stock in a transaction 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 sale, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

BorgWarner 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.