Bank of Montreal Can Sells 49,628 Shares of BorgWarner Inc. (NYSE:BWA)

Bank of Montreal Can cut its holdings in BorgWarner Inc. (NYSE:BWA) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 251,995 shares of the auto parts company’s stock after selling 49,628 shares during the quarter. Bank of Montreal Can owned 0.12% of BorgWarner worth $9,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWA. Matrix Trust Co acquired a new position in shares of BorgWarner during the 3rd quarter valued at $25,000. LRI Investments LLC boosted its position in shares of BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of BorgWarner during the 2nd quarter worth about $32,000. Olistico Wealth LLC acquired a new stake in shares of BorgWarner in the 2nd quarter valued at about $35,000. Finally, Gradient Investments LLC increased its position in 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 buying an additional 1,106 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the sale, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BWA shares. The Goldman Sachs Group decreased 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. 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 report on Monday, October 21st. Wolfe Research started coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

BorgWarner Stock Up 0.1 %

Shares of NYSE:BWA opened at $34.32 on Monday. The company has a market capitalization of $7.51 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. The business has a fifty day moving average price of $34.57 and a two-hundred day moving average price of $33.80.

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

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio is currently 11.17%.

BorgWarner 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.