Studio Investment Management LLC Has $102,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Studio Investment Management LLC raised its holdings in BorgWarner Inc. (NYSE:BWA) by 12.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,813 shares of the auto parts company’s stock after purchasing an additional 310 shares during the quarter. Studio Investment Management LLC’s holdings in BorgWarner were worth $102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Matrix Trust Co bought a new stake in shares of BorgWarner during the 3rd quarter worth about $25,000. LRI Investments LLC boosted its holdings in shares of BorgWarner by 2,685.3% during the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares during the period. Sentry Investment Management LLC acquired a new position in shares of BorgWarner in the second quarter valued at approximately $32,000. Olistico Wealth LLC bought a new position in shares of BorgWarner during the second quarter worth approximately $35,000. Finally, Gradient Investments LLC increased its stake in shares of BorgWarner by 1,117.2% during the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,106 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE:BWA opened at $34.12 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 simple moving average is $34.40 and its 200 day simple moving average is $33.95. The firm has a market capitalization of $7.46 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.68 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.33% and a return on equity of 15.51%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWA. The Goldman Sachs Group decreased their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased 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 started coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Barclays increased their price target on BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.21.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,466 shares of company stock worth $6,973,828 in the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner Company 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.