Minneapolis Portfolio Management Group LLC raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 63.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 740,647 shares of the auto parts company’s stock after purchasing an additional 288,136 shares during the quarter. BorgWarner accounts for about 5.6% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 4th biggest position. Minneapolis Portfolio Management Group LLC owned about 0.35% of BorgWarner worth $37,943,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BWA. FMR LLC increased its holdings in shares of BorgWarner by 66.5% during the 1st quarter. FMR LLC now owns 230,802 shares of the auto parts company’s stock worth $9,645,000 after purchasing an additional 92,176 shares during the period. Teachers Advisors LLC increased its holdings in shares of BorgWarner by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 295,053 shares of the auto parts company’s stock worth $12,330,000 after purchasing an additional 12,824 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of BorgWarner by 2.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 31,512 shares of the auto parts company’s stock worth $1,317,000 after purchasing an additional 873 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of BorgWarner by 24.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 53,043 shares of the auto parts company’s stock worth $2,247,000 after purchasing an additional 10,579 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of BorgWarner during the 2nd quarter worth about $936,000. Institutional investors own 92.58% of the company’s stock.

Several research firms have recently issued reports on BWA. Citigroup Inc. boosted their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. BMO Capital Markets boosted their price objective on shares of BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. UBS AG boosted their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Buckingham Research boosted their price objective on shares of BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.72.

BorgWarner Inc. (NYSE BWA) traded down $0.33 during trading hours on Tuesday, reaching $52.64. 969,529 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The firm has a market capitalization of $11,120.00, a price-to-earnings ratio of 14.43, a PEG ratio of 1.54 and a beta of 1.75. BorgWarner Inc. has a 52-week low of $33.09 and a 52-week high of $53.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. analysts expect that BorgWarner Inc. will post 3.82 earnings per share for the current fiscal year.

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In other news, insider Brady D. Ericson sold 11,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $45.38, for a total transaction of $501,539.76. Following the transaction, the insider now directly owns 23,418 shares in the company, valued at $1,062,708.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 34,120 shares in the company, valued at $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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