Davis R M Inc. Has $4.79 Million Position in BorgWarner Inc. (NYSE:BWA)

Davis R M Inc. lessened its stake in BorgWarner Inc. (NYSE:BWA) by 33.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 132,044 shares of the auto parts company’s stock after selling 65,100 shares during the period. Davis R M Inc.’s holdings in BorgWarner were worth $4,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Toronto Dominion Bank raised its holdings in BorgWarner by 33.4% during the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock worth $4,790,000 after purchasing an additional 34,488 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of BorgWarner during the first quarter worth $285,000. LRI Investments LLC bought a new position in BorgWarner during the first quarter worth $35,000. Paloma Partners Management Co acquired a new position in BorgWarner in the first quarter valued at $314,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in BorgWarner by 10.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,352,423 shares of the auto parts company’s stock valued at $46,983,000 after acquiring an additional 125,727 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BWA shares. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company cut their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Barclays raised their price objective on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.21.

BorgWarner Price Performance

Shares of NYSE BWA opened at $34.12 on Monday. 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 firm’s 50-day simple moving average is $34.44 and its 200 day simple moving average is $33.88. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.75 and a beta of 1.20. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 of this dividend is Monday, December 2nd. BorgWarner’s payout ratio is currently 11.17%.

Insider Buying and Selling

In other news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the sale, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 201,466 shares of company stock worth $6,973,828. 0.63% of the stock is owned by 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.