XTX Topco Ltd Sells 6,572 Shares of BorgWarner Inc. (NYSE:BWA)

XTX Topco Ltd decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 46.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,550 shares of the auto parts company’s stock after selling 6,572 shares during the period. XTX Topco Ltd’s holdings in BorgWarner were worth $274,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner in the third quarter worth about $908,000. Swedbank AB raised 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 purchasing an additional 593,265 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock worth $10,536,000 after buying an additional 64,126 shares in the last quarter. Edgestream Partners L.P. increased 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 worth $6,246,000 after buying an additional 127,212 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BorgWarner during the 2nd quarter valued at $1,016,000. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is owned by corporate insiders.

BorgWarner Trading Down 3.9 %

BWA opened at $31.95 on Thursday. The business has a 50 day simple moving average of $34.25 and a two-hundred day simple moving average of $33.61. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 0.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s dividend payout ratio is currently 11.17%.

Analysts Set New Price Targets

BWA has been the subject of a number of research reports. The Goldman Sachs Group cut their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company cut their target price on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday. Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, Wolfe Research assumed coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.07.

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.