Mount Yale Investment Advisors LLC Sells 17,835 Shares of BorgWarner Inc. (NYSE:BWA)

Mount Yale Investment Advisors LLC reduced its position in shares of BorgWarner Inc. (NYSE:BWA) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,275 shares of the auto parts company’s stock after selling 17,835 shares during the period. Mount Yale Investment Advisors LLC owned 0.06% of BorgWarner worth $4,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co bought a new stake in BorgWarner during the third quarter valued at about $25,000. LRI Investments LLC grew its holdings in BorgWarner by 2,685.3% in the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock valued at $31,000 after buying an additional 913 shares during the last quarter. Sentry Investment Management LLC bought a new position in BorgWarner in the 2nd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in shares of BorgWarner during the second quarter worth approximately $35,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of BorgWarner by 12,144.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 1,093 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the completion of the transaction, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BWA shares. Wolfe Research assumed coverage on shares of BorgWarner in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Robert W. Baird increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. UBS Group upped their price objective on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Citigroup cut their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

BorgWarner Stock Down 2.0 %

Shares of NYSE BWA opened at $33.45 on Friday. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $39.10. The firm’s 50-day moving average is $33.97 and its 200-day moving average is $33.89. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.62 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. Equities analysts expect that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Company 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.