Community Bank N.A. Sells 1,350 Shares of BorgWarner Inc. (NYSE:BWA)

Community Bank N.A. cut its stake in shares of BorgWarner Inc. (NYSE:BWA) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,675 shares of the auto parts company’s stock after selling 1,350 shares during the period. Community Bank N.A.’s holdings in BorgWarner were worth $1,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in BorgWarner by 21,752.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares during the period. Point72 Asset Management L.P. boosted its stake in BorgWarner by 361.1% during the second 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 buying an additional 1,919,219 shares during the period. Dimensional Fund Advisors LP grew its position in BorgWarner by 23.5% during 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 buying an additional 1,640,503 shares in the last quarter. Earnest Partners LLC increased its stake in BorgWarner by 20.2% in the 2nd 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 during the last quarter. Finally, Hsbc Holdings PLC raised its stake 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 valued at $45,576,000 after purchasing an additional 652,097 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This represents a 13.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the firm’s 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Finally, Wolfe Research began coverage on BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Trading Up 0.1 %

Shares of BWA opened at $34.32 on Monday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. 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’s fifty day moving average is $34.57 and its 200 day moving average is $33.80. The stock has a market capitalization of $7.51 billion, a PE ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20.

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

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 1.28%. The ex-dividend date is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

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.