BorgWarner Inc. (BWA) Shares Sold by Alecta Pensionsforsakring Omsesidigt
Alecta Pensionsforsakring Omsesidigt decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,295,000 shares of the auto parts company’s stock after selling 200,000 shares during the quarter. BorgWarner accounts for about 2.3% of Alecta Pensionsforsakring Omsesidigt’s holdings, making the stock its 19th biggest position. Alecta Pensionsforsakring Omsesidigt owned about 2.51% of BorgWarner worth $271,263,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Delta Lloyd Asset Management N.V. purchased a new stake in shares of BorgWarner during the 2nd quarter worth approximately $1,063,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in BorgWarner by 19.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,017 shares of the auto parts company’s stock valued at $2,288,000 after buying an additional 8,844 shares in the last quarter. Kiltearn Partners LLP lifted its stake in BorgWarner by 0.9% in the 2nd quarter. Kiltearn Partners LLP now owns 3,152,452 shares of the auto parts company’s stock valued at $133,538,000 after buying an additional 28,300 shares in the last quarter. Prudential Financial Inc. lifted its stake in BorgWarner by 88.1% in the 2nd quarter. Prudential Financial Inc. now owns 816,422 shares of the auto parts company’s stock valued at $34,584,000 after buying an additional 382,494 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in BorgWarner by 2.6% in the 2nd quarter. Royal Bank of Canada now owns 505,769 shares of the auto parts company’s stock valued at $21,424,000 after buying an additional 12,840 shares in the last quarter. 92.58% of the stock is currently owned by institutional investors and hedge funds.
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In other news, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $44.99, for a total transaction of $134,970.00. Following the completion of the sale, the executive vice president now directly owns 34,120 shares in the company, valued at approximately $1,535,058.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total value of $501,539.76. Following the sale, the insider now owns 23,418 shares of the company’s stock, valued at $1,062,708.84. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
BorgWarner Inc. (NYSE BWA) traded down $0.33 during mid-day trading on Tuesday, hitting $52.64. The stock had a trading volume of 969,529 shares, compared to its average volume of 1,510,000. The firm has a market cap of $11,120.00, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.75. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. BorgWarner Inc. has a 1-year low of $33.09 and a 1-year high of $53.84.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. equities analysts forecast that BorgWarner Inc. will post 3.82 earnings per share for the current year.
A number of equities research analysts recently issued reports on BWA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $56.00 target price on shares of BorgWarner in a research note on Tuesday, August 29th. KeyCorp upped their target price on BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 13th. ValuEngine lowered BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised BorgWarner from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Citigroup Inc. upped their target price on BorgWarner from $50.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $47.72.
BorgWarner Company Profile
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.
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