Leeward Investments LLC MA Has $5.48 Million Stake in BorgWarner Inc. (NYSE:BWA)

Leeward Investments LLC MA reduced its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 20.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,096 shares of the auto parts company's stock after selling 39,130 shares during the quarter. Leeward Investments LLC MA owned 0.07% of BorgWarner worth $5,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Asset Management One Co. Ltd. boosted its position in shares of BorgWarner by 24.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,348 shares of the auto parts company's stock valued at $158,000 after purchasing an additional 863 shares in the last quarter. QRG Capital Management Inc. lifted its stake in BorgWarner by 4.4% during the 3rd quarter. QRG Capital Management Inc. now owns 65,009 shares of the auto parts company's stock valued at $2,359,000 after acquiring an additional 2,732 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of BorgWarner by 6.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 683,725 shares of the auto parts company's stock valued at $24,812,000 after buying an additional 43,330 shares during the period. Van ECK Associates Corp grew its stake in shares of BorgWarner by 8.6% during the 3rd quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company's stock valued at $2,557,000 after purchasing an additional 5,953 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in BorgWarner by 50.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company's stock worth $1,962,000 after purchasing an additional 18,175 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BWA. Wells Fargo & Company decreased their target price on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Barclays increased their price target on BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Bank of America dropped their target price on shares of BorgWarner from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd. Finally, Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and an average price target of $41.44.

BorgWarner Price Performance

BorgWarner stock traded down $0.97 during mid-day trading on Friday, hitting $34.09. 750,647 shares of the company were exchanged, compared to its average volume of 2,699,831. The business's 50 day simple moving average is $34.11 and its two-hundred day simple moving average is $33.92. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The company has a market capitalization of $7.46 billion, a P/E ratio of 8.71, a PEG ratio of 0.70 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 (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. BorgWarner's payout ratio is currently 11.17%.

Insider Transactions at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the sale, the executive vice president now owns 46,016 shares of the company's stock, valued at $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company's stock.

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.