BorgWarner Inc. (NYSE:BWA) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd reduced its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 86.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,412 shares of the auto parts company's stock after selling 88,643 shares during the quarter. Point72 DIFC Ltd's holdings in BorgWarner were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of BorgWarner by 51.3% in the 2nd quarter. CWM LLC now owns 12,110 shares of the auto parts company's stock worth $390,000 after acquiring an additional 4,104 shares during the period. CX Institutional grew its holdings in BorgWarner by 18.1% in the second quarter. CX Institutional now owns 9,551 shares of the auto parts company's stock valued at $308,000 after purchasing an additional 1,465 shares during the last quarter. SG Americas Securities LLC increased its position 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 buying an additional 15,883 shares in the last quarter. Czech National Bank raised its stake in shares of BorgWarner by 7.4% during the 2nd quarter. Czech National Bank now owns 43,417 shares of the auto parts company's stock worth $1,400,000 after buying an additional 2,992 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of BorgWarner by 1.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,595 shares of the auto parts company's stock worth $2,083,000 after buying an additional 987 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price 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. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Finally, Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.21.

BorgWarner Trading Down 0.6 %

Shares of BWA traded down $0.19 during mid-day trading on Friday, hitting $33.80. The company had a trading volume of 2,294,286 shares, compared to its average volume of 1,867,148. 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 1-year low of $29.51 and a 1-year high of $38.22. The business's 50-day simple moving average is $34.46 and its 200-day simple moving average is $33.72. The stock has a market cap of $7.39 billion, a PE ratio of 8.58, a P/E/G ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly 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. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company earned $0.98 earnings per share. The business's quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed 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 1.30%. The ex-dividend date is Monday, December 2nd. BorgWarner's payout ratio is currently 11.17%.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now directly owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 21,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the transaction, the vice president now directly owns 227,513 shares of the company's stock, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 in the last quarter. Insiders own 0.45% of the company's stock.

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.