Mirabella Financial Services LLP Invests $908,000 in BorgWarner Inc. (NYSE:BWA)

Mirabella Financial Services LLP bought a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,018 shares of the auto parts company's stock, valued at approximately $908,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BWA. Studio Investment Management LLC lifted its position in shares of BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock valued at $102,000 after buying an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its stake in BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company's stock valued at $2,158,000 after acquiring an additional 316 shares during the period. First Pacific Financial lifted its holdings in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company's stock valued at $315,000 after purchasing an additional 340 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its position in BorgWarner by 2.2% during the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company's stock worth $602,000 after purchasing an additional 350 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of BorgWarner by 4.6% in the third quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company's stock valued at $342,000 after purchasing an additional 414 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore ISI raised shares of BorgWarner from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group reduced their price objective on BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. 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 report on Thursday, August 1st. 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 report on Monday, October 21st. Finally, Barclays upped their price objective on BorgWarner from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Six 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.21.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 21,500 shares of the company'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 completion of the transaction, the vice president now directly owns 227,513 shares in the company, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,466 shares of company stock valued at $6,973,828. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of BorgWarner stock traded down $1.01 on Tuesday, reaching $34.17. 2,298,775 shares of the stock were exchanged, compared to its average volume of 2,663,434. 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 firm has a market cap of $7.47 billion, a PE ratio of 8.62, a P/E/G ratio of 0.75 and a beta of 1.20. The firm's 50 day moving average is $34.50 and its 200-day moving average is $33.87. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's payout ratio is 11.17%.

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.