BorgWarner Inc. (NYSE:BWA) Holdings Reduced by Verition Fund Management LLC

Verition Fund Management LLC decreased its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 92.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,875 shares of the auto parts company's stock after selling 128,522 shares during the period. Verition Fund Management LLC's holdings in BorgWarner were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake 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 valued at $1,378,000 after acquiring an additional 15,883 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in BorgWarner in the third quarter valued at approximately $908,000. Swedbank AB increased its position in BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after purchasing an additional 593,265 shares during the last quarter. Edgestream Partners L.P. raised its stake in BorgWarner by 191.2% during the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company's stock worth $6,246,000 after purchasing an additional 127,212 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of BorgWarner in the 2nd quarter valued at $1,016,000. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Down 2.9 %

Shares of NYSE:BWA traded down $1.00 during trading on Friday, hitting $34.05. The company's stock had a trading volume of 2,516,586 shares, compared to its average volume of 2,643,634. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The stock's 50-day moving average price is $34.38 and its two-hundred day moving average price is $33.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The company has a market capitalization of $7.45 billion, a PE ratio of 8.64, a PEG ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim restated a "buy" rating and set a $41.00 price objective on shares of BorgWarner in a report on Thursday. Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research assumed coverage on BorgWarner in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft raised 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. Finally, The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.20.

Insider Activity

In other news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner 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 completion of the transaction, the vice president now directly owns 37,640 shares of the company's stock, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. In the last 90 days, insiders have sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is currently 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.