Moran Wealth Management LLC Has $615,000 Holdings in BorgWarner Inc. (NYSE:BWA)

Moran Wealth Management LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,937 shares of the auto parts company’s stock after selling 328 shares during the period. Moran Wealth Management LLC’s holdings in BorgWarner were worth $615,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Matrix Trust Co acquired a new stake in BorgWarner in the third quarter worth $25,000. LRI Investments LLC raised its stake in 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 buying an additional 913 shares during the period. Sentry Investment Management LLC bought a new position in BorgWarner in the second quarter worth approximately $32,000. Olistico Wealth LLC bought a new position in BorgWarner in the second quarter worth approximately $35,000. Finally, Gradient Investments LLC grew its stake in BorgWarner by 1,117.2% in the second quarter. Gradient Investments LLC now owns 1,205 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 1,106 shares during the period. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 1.1 %

NYSE BWA opened at $34.12 on Friday. The business’s fifty day moving average is $34.40 and its 200-day moving average is $33.95. 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 stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.68 and a beta of 1.20. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts predict that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is currently 11.17%.

Insider Activity at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $747,985.00. Following the sale, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,466 shares of company stock worth $6,973,828. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. The Goldman Sachs Group dropped their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company cut their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $41.21.

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.