Tectonic Advisors LLC Buys 1,110 Shares of BorgWarner Inc. (NYSE:BWA)

Tectonic Advisors LLC lifted its stake in BorgWarner Inc. (NYSE:BWA) by 9.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,049 shares of the auto parts company’s stock after purchasing an additional 1,110 shares during the quarter. Tectonic Advisors LLC’s holdings in BorgWarner were worth $474,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in BorgWarner by 361.1% in the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after purchasing an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BorgWarner by 23.5% during the 2nd 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 raised its stake in shares of BorgWarner by 20.2% during 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 in the last quarter. Hsbc Holdings PLC lifted its position in BorgWarner by 86.0% during 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 acquiring an additional 652,097 shares during the last quarter. Finally, Swedbank AB boosted its stake in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $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.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America decreased their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Wells Fargo & Company dropped their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Citigroup lowered their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

BorgWarner Price Performance

Shares of BorgWarner stock opened at $33.60 on Friday. The firm has a market cap of $7.66 billion, a PE ratio of 12.73, a P/E/G ratio of 0.81 and a beta of 1.20. The business has a 50-day moving average price of $33.99 and a 200 day moving average price of $33.88. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $39.10.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company posted $1.35 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. Sell-side analysts predict that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.