Hotchkis & Wiley Capital Management LLC Raises Position in BorgWarner Inc. (NYSE:BWA)

Hotchkis & Wiley Capital Management LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,764,103 shares of the auto parts company’s stock after purchasing an additional 445,540 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in BorgWarner were worth $100,309,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of BorgWarner in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the 3rd quarter valued at $32,000. LRI Investments LLC raised its holdings in BorgWarner by 2,685.3% in the second quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $32,000. Finally, True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $38,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’s 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 sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the transaction, the executive vice president now owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock worth $7,678,076 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

BorgWarner Trading Up 0.3 %

NYSE:BWA opened at $34.33 on Tuesday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.76 and a beta of 1.19. The firm has a 50 day moving average of $34.57 and a 200 day moving average of $33.75.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. BorgWarner’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BWA shares. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $41.21.

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.