Swedbank AB Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

Swedbank AB grew its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 236.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 844,112 shares of the auto parts company's stock after acquiring an additional 593,265 shares during the period. Swedbank AB owned 0.39% of BorgWarner worth $30,633,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Matrix Trust Co bought a new position in shares of BorgWarner during the third quarter worth approximately $25,000. LRI Investments LLC increased its stake in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 913 shares during the last quarter. Sentry Investment Management LLC bought a new stake in BorgWarner during the second quarter worth $32,000. Olistico Wealth LLC acquired a new stake in shares of BorgWarner in the 2nd quarter valued at $35,000. Finally, Gradient Investments LLC raised its holdings in shares of BorgWarner by 1,117.2% during the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company's stock worth $39,000 after buying an additional 1,106 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Activity

In related news, VP Isabelle Mckenzie sold 5,700 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This represents a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now owns 32,366 shares in the company, valued at $1,115,656.02. This represents a 38.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,466 shares of company stock worth $6,973,828 in the last three months. Company insiders own 0.45% of the company's stock.

BorgWarner Trading Down 2.9 %

Shares of BorgWarner stock traded down $1.01 on Tuesday, hitting $34.17. 2,257,990 shares of the company's stock traded hands, compared to its average volume of 2,663,256. The company has a fifty day moving average of $34.50 and a two-hundred day moving average of $33.87. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company 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 firm posted $0.98 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BWA. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a report on Monday, November 4th. Barclays upped their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Finally, Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.21.

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.