BorgWarner Inc. (NYSE:BWA) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in BorgWarner Inc. (NYSE:BWA) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,798 shares of the auto parts company’s stock after buying an additional 2,517 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in BorgWarner were worth $392,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC boosted 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. boosted its stake in shares of BorgWarner by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 39,202 shares of the auto parts company’s stock worth $1,363,000 after acquiring an additional 18,640 shares in the last quarter. Edgestream Partners L.P. increased its stake in BorgWarner by 419.7% in the 1st quarter. Edgestream Partners L.P. now owns 66,521 shares of the auto parts company’s stock worth $2,311,000 after purchasing an additional 53,721 shares in the last quarter. 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 buying an additional 34,488 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in BorgWarner by 14.3% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 383,185 shares of the auto parts company’s stock worth $13,312,000 after buying an additional 48,020 shares during the period. Institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’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 completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at $1,472,512. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction 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 filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $33.60 on Monday. 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 12 month low of $29.51 and a 12 month high of $39.10. The business’s 50 day moving average is $33.99 and its two-hundred day moving average is $33.86. The company has a market cap of $7.66 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.81 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, equities analysts expect that BorgWarner Inc. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Barclays upped their price target on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.25.

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.