Stifel Financial Corp Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Stifel Financial Corp lifted its stake in BorgWarner Inc. (NYSE:BWA) by 10.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 36,365 shares of the auto parts company’s stock after buying an additional 3,337 shares during the quarter. Stifel Financial Corp’s holdings in BorgWarner were worth $1,320,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares during the period. Point72 Asset Management L.P. raised its position in shares of BorgWarner by 361.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after acquiring an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Earnest Partners LLC boosted its position in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in BorgWarner by 86.0% in the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after purchasing an additional 652,097 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BWA. The Goldman Sachs Group lowered their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Wolfe Research initiated coverage on BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.07.

BorgWarner Stock Performance

Shares of BWA opened at $31.88 on Friday. The firm has a market capitalization of $6.97 billion, a P/E ratio of 8.09, 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 Inc. has a one year low of $29.51 and a one year high of $38.22. The business has a fifty day moving average of $34.12 and a 200 day moving average of $33.56.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the company posted $0.98 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,010 shares of company stock worth $7,678,076. Company insiders own 0.45% of the company’s stock.

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.