BorgWarner Inc. (NYSE:BWA) Shares Purchased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its holdings in BorgWarner Inc. (NYSE:BWA) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the auto parts company’s stock after buying an additional 550 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in BorgWarner were worth $258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Studio Investment Management LLC raised its stake in BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after buying an additional 310 shares in the last quarter. Spectrum Asset Management Inc. NB CA grew its position in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after buying an additional 316 shares during the last quarter. First Pacific Financial raised its stake in BorgWarner by 3.6% during the 2nd quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 340 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its position in BorgWarner by 2.2% in the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock valued at $602,000 after acquiring an additional 350 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after acquiring an additional 394 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on BWA shares. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday. Wolfe Research started coverage on BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut 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, Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

BorgWarner Trading Down 2.9 %

NYSE BWA opened at $34.05 on Friday. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month 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 stock’s 50 day moving average is $34.38 and its 200 day moving average is $33.68. The firm has a market capitalization of $7.45 billion, a PE ratio of 8.64, a P/E/G ratio of 0.77 and a beta of 1.19.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating 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 analyst estimates of $3.50 billion. During the same period last year, the business earned $0.98 EPS. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. Research analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the 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 owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock valued at $7,678,076 over the last quarter. 0.45% of the stock is currently owned by company 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.