Natixis Advisors LLC Grows Stake in BorgWarner Inc. (NYSE:BWA)

Natixis Advisors LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 16.2% in the third quarter, Holdings Channel reports. The firm owned 754,995 shares of the auto parts company’s stock after purchasing an additional 105,247 shares during the period. Natixis Advisors LLC’s holdings in BorgWarner were worth $27,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BWA. Point72 Asset Management L.P. grew its position in shares of BorgWarner by 361.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BorgWarner by 23.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after acquiring an additional 1,640,503 shares in the last quarter. Earnest Partners LLC grew its position in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after acquiring an additional 669,137 shares in the last quarter. Hsbc Holdings PLC grew its position in BorgWarner by 86.0% in the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after acquiring an additional 652,097 shares in the last quarter. Finally, Swedbank AB grew its position in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $34.38 on Tuesday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. The company has a 50-day moving average price of $34.30 and a 200-day moving average price of $33.98. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) 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 company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. BorgWarner’s revenue was down 4.8% on a year-over-year basis. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the 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 completion of the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,466 shares of company stock valued at $6,973,828 over the last three months. Corporate insiders own 0.45% of the company’s stock.

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.