Landscape Capital Management L.L.C. Takes $1.13 Million Position in BorgWarner Inc. (NYSE:BWA)

Landscape Capital Management L.L.C. acquired a new stake in BorgWarner Inc. (NYSE:BWA) in the third quarter, Holdings Channel.com reports. The firm acquired 31,051 shares of the auto parts company’s stock, valued at approximately $1,127,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. SG Americas Securities LLC grew its position in shares of BorgWarner by 59.2% during the 2nd quarter. SG Americas Securities LLC now owns 42,729 shares of the auto parts company’s stock valued at $1,378,000 after purchasing an additional 15,883 shares in the last quarter. Bessemer Group Inc. grew its position in BorgWarner by 90.7% during the first quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after buying an additional 18,640 shares in the last quarter. Toronto Dominion Bank increased its stake in BorgWarner by 33.4% in the 1st quarter. Toronto Dominion Bank now owns 137,876 shares of the auto parts company’s stock worth $4,790,000 after acquiring an additional 34,488 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of BorgWarner by 191.2% in the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after acquiring an additional 127,212 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of BorgWarner during the 2nd quarter valued at about $1,016,000. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the completion of the transaction, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the sale, the vice president now directly owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,466 shares of company stock valued at $6,973,828 over the last quarter. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on BWA shares. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company cut their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Finally, The Goldman Sachs Group reduced their price target on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Trading Up 1.1 %

NYSE:BWA opened at $34.12 on Friday. The firm has a market capitalization of $7.46 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.68 and a beta of 1.20. 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 company has a fifty day moving average of $34.40 and a 200 day moving average of $33.95. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion during 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%. BorgWarner’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Announces Dividend

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

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.