International Assets Investment Management LLC Purchases New Holdings in BorgWarner Inc. (NYSE:BWA)

International Assets Investment Management LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,966 shares of the auto parts company's stock, valued at approximately $11,960,000.

Several other large investors also recently added to or reduced their stakes in BWA. SG Americas Securities LLC increased its holdings in shares of BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company's stock worth $1,378,000 after buying an additional 15,883 shares during the last quarter. Bessemer Group Inc. raised its position in BorgWarner by 90.7% in the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company's stock valued at $1,363,000 after purchasing an additional 18,640 shares during the period. Edgestream Partners L.P. raised its position in BorgWarner by 419.7% in the first quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company's stock valued at $2,311,000 after purchasing an additional 53,721 shares during the period. Toronto Dominion Bank grew its holdings in shares of BorgWarner by 33.4% during the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company's stock worth $4,790,000 after purchasing an additional 34,488 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. increased its position in shares of BorgWarner by 14.3% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 383,185 shares of the auto parts company's stock worth $13,312,000 after purchasing an additional 48,020 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on BWA shares. 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. Evercore ISI upgraded shares of BorgWarner from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. UBS Group lifted their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Bank of America dropped their price objective on BorgWarner from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $41.25.

BorgWarner Stock Up 0.3 %

NYSE:BWA traded up $0.09 during trading hours on Thursday, hitting $33.64. The company's stock had a trading volume of 4,459,258 shares, compared to its average volume of 2,713,651. The stock has a market capitalization of $7.66 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $34.06 and a 200-day moving average of $33.86. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. On average, equities analysts forecast that BorgWarner Inc. will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 10,868 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at approximately $6,541,074.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Tonit M. Calaway sold 10,868 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now directly owns 206,083 shares of the company's stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tania Wingfield sold 2,066 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate 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.