Cerity Partners LLC Has $7.13 Million Position in BorgWarner Inc. (NYSE:BWA)

Cerity Partners LLC raised its stake in BorgWarner Inc. (NYSE:BWA) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,413 shares of the auto parts company’s stock after purchasing an additional 31,374 shares during the period. Cerity Partners LLC’s holdings in BorgWarner were worth $7,128,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co bought a new stake in BorgWarner in the 3rd quarter valued at about $25,000. LRI Investments LLC grew its stake in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 913 shares during the period. Sentry Investment Management LLC bought a new stake in shares of BorgWarner during the second quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner during the second quarter worth approximately $35,000. Finally, Gradient Investments LLC lifted 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 worth $39,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of recent research reports. Barclays boosted their price target on shares of BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Robert W. Baird upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wolfe Research initiated coverage on shares of BorgWarner in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com raised BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Evercore ISI upgraded BorgWarner from an “in-line” rating to an “outperform” rating and raised their target price for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.21.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now owns 227,513 shares in the company, valued at $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $197,334.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,466 shares of company stock worth $6,973,828. 0.63% of the stock is owned by company insiders.

BorgWarner Stock Performance

NYSE BWA opened at $34.27 on Thursday. The company has a market capitalization of $7.49 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a 50-day simple moving average of $34.52 and a 200 day simple moving average of $33.84.

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

BorgWarner Announces Dividend

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