Raymond James Financial Services Advisors Inc. Acquires 14,098 Shares of BorgWarner Inc. (NYSE:BWA)

Raymond James Financial Services Advisors Inc. raised its holdings in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 24.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,273 shares of the auto parts company’s stock after acquiring an additional 14,098 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BorgWarner were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. JPMorgan Chase & Co. raised its holdings in BorgWarner by 25.2% during the 1st quarter. JPMorgan Chase & Co. now owns 371,687 shares of the auto parts company’s stock valued at $14,458,000 after acquiring an additional 74,902 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of BorgWarner by 86.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,086 shares of the auto parts company’s stock valued at $859,000 after purchasing an additional 10,257 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of BorgWarner by 23.1% during the 1st quarter. MetLife Investment Management LLC now owns 65,231 shares of the auto parts company’s stock valued at $2,537,000 after purchasing an additional 12,257 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of BorgWarner by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,082 shares of the auto parts company’s stock valued at $1,248,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of BorgWarner by 1.8% during the 1st quarter. Yousif Capital Management LLC now owns 46,314 shares of the auto parts company’s stock valued at $1,802,000 after purchasing an additional 840 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.

Insider Activity

In other news, CAO Tonit M. Calaway sold 6,305 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $40.46, for a total transaction of $255,100.30. Following the completion of the transaction, the chief accounting officer now directly owns 40,380 shares of the company’s stock, valued at $1,633,774.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BWA. Citigroup boosted their price target on shares of BorgWarner from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday. TheStreet upgraded shares of BorgWarner from a “c+” rating to a “b” rating in a research report on Tuesday, November 15th. Morgan Stanley upgraded shares of BorgWarner from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $35.00 to $45.00 in a research report on Monday, November 28th. Wells Fargo & Company upped their target price on shares of BorgWarner from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. Finally, BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, December 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.50.

BorgWarner Stock Performance

BorgWarner stock opened at $44.48 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.42 billion, a PE ratio of 12.89, a P/E/G ratio of 0.50 and a beta of 1.43. The firm has a fifty day simple moving average of $41.49 and a two-hundred day simple moving average of $38.04. BorgWarner Inc. has a twelve month low of $31.14 and a twelve month high of $49.84.

BorgWarner (NYSE:BWA – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.22. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.99 billion. BorgWarner had a net margin of 5.33% and a return on equity of 14.51%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. Research analysts expect that BorgWarner Inc. will post 4.37 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, November 30th. BorgWarner’s dividend payout ratio (DPR) is 19.71%.

BorgWarner Profile

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.