Natixis Advisors LLC Has $27.40 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Natixis Advisors LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 754,995 shares of the auto parts company's stock after purchasing an additional 105,247 shares during the period. Natixis Advisors LLC owned about 0.35% of BorgWarner worth $27,398,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BWA. Ontario Teachers Pension Plan Board bought a new position in shares of BorgWarner during the 1st quarter worth about $1,076,000. Covestor Ltd grew its stake in shares of BorgWarner by 47.2% in the 1st quarter. Covestor Ltd now owns 3,048 shares of the auto parts company's stock valued at $106,000 after purchasing an additional 978 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of BorgWarner by 731.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 30,920 shares of the auto parts company's stock worth $1,074,000 after buying an additional 27,201 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company's stock worth $1,363,000 after buying an additional 18,640 shares during the period. Finally, Natixis acquired a new stake in BorgWarner in the 1st quarter valued at $7,955,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Trading Down 2.6 %

Shares of BorgWarner stock traded down $0.89 during trading on Tuesday, reaching $33.49. 537,266 shares of the company were exchanged, compared to its average volume of 2,675,075. The business has a 50-day moving average price of $34.30 and a 200-day moving average price of $33.98. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 0.71 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Sell-side analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 1.31%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner's payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

BWA has been the subject of a number of analyst reports. Barclays lifted 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. Wells Fargo & Company reduced their price target on shares of BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, August 1st. Bank of America dropped their price objective on shares of BorgWarner from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.21.

Insiders Place Their Bets

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction that occurred 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 transaction, the chief executive officer now owns 259,957 shares of the company's stock, valued at approximately $8,997,111.77. The trade was a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares of the company's stock, valued at $7,915,177.27. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,466 shares of company stock worth $6,973,828. Corporate insiders own 0.63% 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.