BorgWarner Inc. $BWA Shares Newly Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in BorgWarner Inc. (NYSE:BWA) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 20,333 shares of the auto parts company’s stock, valued at approximately $1,222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Capital Management LLC purchased a new position in BorgWarner in the 2nd quarter valued at approximately $4,937,000. Tribune Investment Group LP purchased a new stake in BorgWarner during the second quarter worth $3,432,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in BorgWarner during the second quarter worth $5,664,000. Hsbc Holdings PLC acquired a new stake in BorgWarner in the second quarter valued at $35,785,000. Finally, Bessemer Group Inc. grew its holdings in BorgWarner by 19.8% in the first quarter. Bessemer Group Inc. now owns 241,173 shares of the auto parts company’s stock valued at $13,086,000 after purchasing an additional 39,787 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BWA. Weiss Ratings restated a “hold (c+)” rating on shares of BorgWarner in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of BorgWarner in a research report on Thursday, August 6th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st. JPMorgan Chase & Co. raised their target price on shares of BorgWarner from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada dropped their target price on shares of BorgWarner from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $79.00.

Insider Transactions at BorgWarner

In related news, CAO Amy B. Kulikowski sold 2,900 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total transaction of $198,940.00. Following the sale, the chief accounting officer owned 9,725 shares of the company’s stock, valued at $667,135. This trade represents a 22.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rajesh Kalathur acquired 7,407 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $67.59 per share, with a total value of $500,639.13. Following the transaction, the director owned 7,407 shares in the company, valued at $500,639.13. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.76% of the company’s stock.

BorgWarner Trading Up 2.8%

Shares of BorgWarner stock opened at $48.86 on Friday. BorgWarner Inc. has a 1 year low of $40.73 and a 1 year high of $78.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.12. The business has a 50 day moving average price of $59.78 and a 200 day moving average price of $60.60. The company has a market capitalization of $9.81 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.68 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 29th. The auto parts company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a return on equity of 19.61% and a net margin of 3.36%. BorgWarner’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Sell-side analysts anticipate that BorgWarner Inc. will post 5.27 EPS for the current fiscal year.

BorgWarner announced that its board has initiated a stock buyback program on Wednesday, August 5th that permits the company to buy back $1 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier that develops and manufactures technologies for passenger vehicles, commercial vehicles and other applications. Its products support vehicles powered by internal combustion engines as well as hybrid and electric vehicles.

The company’s offerings include turbocharging systems, transmission components, electric motors, power electronics, battery and thermal-management systems, and technologies that help control emissions. BorgWarner supplies automakers and commercial-vehicle manufacturers around the world, with operations serving markets across North America, Europe and Asia.

BorgWarner traces its corporate history to 1928, when several automotive suppliers combined to form Borg-Warner Corporation.