US Bancorp DE Cuts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

US Bancorp DE decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,647 shares of the auto parts company’s stock after selling 2,211 shares during the quarter. US Bancorp DE’s holdings in BorgWarner were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co purchased a new stake in BorgWarner in the third quarter worth approximately $25,000. LRI Investments LLC boosted its holdings in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in BorgWarner in the second quarter worth approximately $32,000. Olistico Wealth LLC purchased a new stake in BorgWarner in the second quarter worth approximately $35,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in BorgWarner by 12,144.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 1,093 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction on 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 directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price 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. Wolfe Research started coverage on shares of BorgWarner in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Citigroup decreased their price target on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday. Finally, UBS Group increased their price target on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $41.44.

BorgWarner Stock Performance

BWA opened at $34.02 on Wednesday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.70 and a beta of 1.20. The company has a fifty day moving average of $34.05 and a 200 day moving average of $33.89. 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.

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, beating the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

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.