20,333 Shares in BorgWarner Inc. $BWA Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 20,333 shares of the auto parts company’s stock, valued at approximately $1,222,000.

Several other large investors have also modified their holdings of BWA. Parcion Private Wealth LLC lifted its position in BorgWarner by 4.3% in the third quarter. Parcion Private Wealth LLC now owns 9,172 shares of the auto parts company’s stock valued at $551,000 after acquiring an additional 379 shares during the last quarter. Choreo LLC boosted its stake in BorgWarner by 1.0% in the third quarter. Choreo LLC now owns 41,869 shares of the auto parts company’s stock valued at $2,517,000 after acquiring an additional 407 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in BorgWarner by 22.2% in the third quarter. Childress Capital Advisors LLC now owns 4,495 shares of the auto parts company’s stock valued at $270,000 after acquiring an additional 818 shares in the last quarter. William Mack & Associates Inc. purchased a new position in shares of BorgWarner during the third quarter worth about $46,000. Finally, SYM FINANCIAL Corp grew its holdings in shares of BorgWarner by 5.6% during the third quarter. SYM FINANCIAL Corp now owns 3,569 shares of the auto parts company’s stock worth $215,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity

In other news, Director Michael Hanley sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $65.51, for a total value of $327,550.00. Following the transaction, the director owned 34,313 shares of the company’s stock, valued at approximately $2,247,844.63. The trade was a 12.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Kulikowski sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

BWA has been the subject of several research reports. Bank of America raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $85.00 in a report on Thursday, October 15th. Morgan Stanley decreased their target price on BorgWarner from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. JPMorgan Chase & Co. raised their price target on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird set a $79.00 price target on BorgWarner in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BorgWarner in a research note on Friday, September 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $79.00.

BorgWarner Price Performance

Shares of BWA opened at $48.86 on Friday. BorgWarner Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $78.82. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 0.68 and a beta of 1.20. The firm has a 50-day simple moving average of $59.78 and a 200-day simple moving average of $60.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.41.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 29th. The auto parts company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 19.61% and a net margin of 3.36%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share. On average, equities research analysts anticipate that BorgWarner Inc. will post 5.27 earnings per share for the current year.

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

BorgWarner Company 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.