Beck Capital Management LLC lessened its stake in BorgWarner Inc. (NYSE:BWA) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,540 shares of the auto parts company’s stock after selling 2,138 shares during the period. Beck Capital Management LLC’s holdings in BorgWarner were worth $2,845,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Allianz Asset Management GmbH bought a new stake in BorgWarner in the 3rd quarter worth approximately $6,718,000. Nomura Asset Management Co. Ltd. grew its position in BorgWarner by 4.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 34,182 shares of the auto parts company’s stock worth $1,751,000 after purchasing an additional 1,538 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in BorgWarner by 9.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,889 shares of the auto parts company’s stock worth $869,000 after purchasing an additional 1,500 shares during the period. Invictus RG purchased a new position in shares of BorgWarner during the 3rd quarter worth $321,000. Finally, Stifel Financial Corp boosted its stake in shares of BorgWarner by 2.7% during the 3rd quarter. Stifel Financial Corp now owns 694,517 shares of the auto parts company’s stock worth $35,579,000 after acquiring an additional 18,227 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Inc. (NYSE:BWA) opened at $54.38 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. BorgWarner Inc. has a one year low of $37.30 and a one year high of $55.86. The firm has a market cap of $11,435.88, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.57 and a beta of 1.76.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company earned $0.78 EPS. BorgWarner’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts expect that BorgWarner Inc. will post 3.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.17 per share. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. BorgWarner’s payout ratio is 49.28%.

Several brokerages have recently weighed in on BWA. BMO Capital Markets lifted their price target on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Citigroup lifted their price target on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Barclays set a $50.00 price target on shares of BorgWarner and gave the stock a “hold” rating in a research note on Friday, October 20th. Buckingham Research lifted their price target on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, UBS lifted their price target on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.88.

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About BorgWarner

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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