BorgWarner Inc. (NYSE:BWA) Stock Holdings Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in BorgWarner Inc. (NYSE:BWA) by 786.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,296 shares of the auto parts company’s stock after acquiring an additional 75,671 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BorgWarner were worth $3,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWA. Matrix Trust Co purchased a new stake in shares of BorgWarner in the third quarter valued at $25,000. LRI Investments LLC lifted its stake in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 913 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in BorgWarner during the 2nd quarter worth about $32,000. Olistico Wealth LLC purchased a new position in BorgWarner during the 2nd quarter valued at about $35,000. Finally, Gradient Investments LLC increased its holdings in shares of BorgWarner by 1,117.2% in the 2nd quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,106 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. 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. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.21.

BorgWarner Trading Up 3.1 %

Shares of BWA stock opened at $35.18 on Tuesday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $38.22. The company has a market cap of $7.69 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.75 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $34.50 and its two-hundred day moving average is $33.87.

BorgWarner (NYSE:BWA) last posted its 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. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. Equities analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.25%. BorgWarner’s payout ratio is 11.17%.

Insider Buying and Selling at BorgWarner

In related news, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the sale, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 201,466 shares of company stock valued at $6,973,828 in the last 90 days. 0.45% of the stock is currently owned by insiders.

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.