Biechele Royce Advisors Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Biechele Royce Advisors increased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,454 shares of the auto parts company's stock after purchasing an additional 20,188 shares during the quarter. BorgWarner makes up 5.5% of Biechele Royce Advisors' investment portfolio, making the stock its 7th largest holding. Biechele Royce Advisors owned about 0.20% of BorgWarner worth $16,746,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at BorgWarner

In other news, CAO Tonit M. Calaway sold 10,868 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the firm'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 sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 2,066 shares of the company'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 transaction, the executive vice president now directly owns 46,016 shares of the company's stock, 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.

Analysts Set New Price Targets

Several analysts recently commented on BWA shares. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, October 1st. Citigroup lowered their price target on shares of BorgWarner from $41.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $36.00 price target on shares of BorgWarner in a research note on Tuesday, September 10th. Robert W. Baird lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Finally, Barclays upped their target price on BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and an average price target of $41.25.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $0.19 during trading on Friday, reaching $33.44. The stock had a trading volume of 2,739,690 shares, compared to its average volume of 2,713,774. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $34.06 and a two-hundred day simple moving average of $33.86. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.73 and a beta of 1.20. 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 released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 4.97% and a return on equity of 15.50%. The business's revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, analysts anticipate that BorgWarner Inc. will post 4.09 earnings per share for the current fiscal year.

BorgWarner Company 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.