National Bank of Canada FI Has $3.33 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

National Bank of Canada FI grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 48.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,653 shares of the auto parts company's stock after purchasing an additional 29,746 shares during the period. National Bank of Canada FI's holdings in BorgWarner were worth $3,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Matrix Trust Co bought a new position in BorgWarner in the 3rd quarter valued at $25,000. LRI Investments LLC boosted its holdings 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 purchasing an additional 913 shares during the period. Sentry Investment Management LLC bought a new stake in shares of BorgWarner in the 2nd quarter worth approximately $32,000. Brooklyn Investment Group purchased a new stake in BorgWarner in the third quarter worth about $32,000. Finally, True Wealth Design LLC bought a new stake in shares of BorgWarner during the 3rd quarter valued at $38,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BWA shares. Guggenheim reissued a "buy" rating and issued a $41.00 target price on shares of BorgWarner in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and raised their price target for the company from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research assumed coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.20.

Insider Buying and Selling at BorgWarner

In other news, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. This represents a 38.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is owned by corporate insiders.

BorgWarner Price Performance

BWA stock traded down $1.00 during trading on Friday, reaching $34.05. 2,516,586 shares of the company were exchanged, compared to its average volume of 2,643,634. 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 company has a market cap of $7.45 billion, a P/E ratio of 8.64, a PEG ratio of 0.77 and a beta of 1.19. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The stock's 50 day moving average price is $34.38 and its 200 day moving average price is $33.68.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $3.45 billion for 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%. The company's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. As a group, analysts predict that BorgWarner Inc. will post 4.22 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. 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 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner's dividend payout ratio (DPR) 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.