Robeco Institutional Asset Management B.V. Increases Stock Position in BorgWarner Inc. (NYSE:BWA)

Robeco Institutional Asset Management B.V. increased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 683,725 shares of the auto parts company's stock after purchasing an additional 43,330 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.30% of BorgWarner worth $24,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of BorgWarner by 8.6% in the 3rd quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company's stock worth $2,557,000 after buying an additional 5,953 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in BorgWarner by 50.7% in the third quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company's stock worth $1,962,000 after acquiring an additional 18,175 shares during the period. Biechele Royce Advisors boosted its holdings in BorgWarner by 4.6% in the third quarter. Biechele Royce Advisors now owns 461,454 shares of the auto parts company's stock valued at $16,746,000 after acquiring an additional 20,188 shares in the last quarter. New York State Common Retirement Fund increased its position in BorgWarner by 19.4% during the 3rd quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company's stock valued at $17,856,000 after purchasing an additional 80,106 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in BorgWarner by 127.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 34,585 shares of the auto parts company's stock worth $1,240,000 after purchasing an additional 19,389 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BWA. The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 1st. 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. Barclays increased 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. Citigroup reduced their price target on BorgWarner from $41.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, July 12th. Finally, UBS Group raised their price objective on BorgWarner from $41.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $41.44.

BorgWarner Stock Performance

BWA traded up $0.83 during midday trading on Wednesday, reaching $34.85. The company had a trading volume of 2,437,726 shares, compared to its average volume of 2,709,540. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.62 billion, a P/E ratio of 8.63, a P/E/G ratio of 0.70 and a beta of 1.20. The business has a 50-day moving average of $34.06 and a two-hundred day moving average of $33.90.

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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during 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 firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

About BorgWarner

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.