Osborne Partners Capital Management LLC Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Osborne Partners Capital Management LLC raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,649 shares of the auto parts company’s stock after acquiring an additional 1,957 shares during the quarter. Osborne Partners Capital Management LLC owned approximately 0.16% of BorgWarner worth $13,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blackston Financial Advisory Group LLC acquired a new position in BorgWarner in the 3rd quarter valued at $215,000. Busey Bank grew its stake in BorgWarner by 2.1% during the 3rd quarter. Busey Bank now owns 160,530 shares of the auto parts company’s stock valued at $5,826,000 after acquiring an additional 3,312 shares in the last quarter. Tectonic Advisors LLC raised its holdings in BorgWarner by 9.3% in the 3rd quarter. Tectonic Advisors LLC now owns 13,049 shares of the auto parts company’s stock valued at $474,000 after acquiring an additional 1,110 shares during the last quarter. Keene & Associates Inc. grew its position in shares of BorgWarner by 0.6% in the third quarter. Keene & Associates Inc. now owns 97,823 shares of the auto parts company’s stock valued at $3,550,000 after purchasing an additional 583 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its holdings in shares of BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BorgWarner 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 of the company’s stock, valued at approximately $6,541,074.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

BorgWarner Stock Up 0.4 %

Shares of BWA opened at $33.60 on Friday. The company’s 50-day simple moving average is $33.99 and its 200-day simple moving average is $33.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $39.10. The stock has a market capitalization of $7.66 billion, a PE ratio of 12.73, a P/E/G 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 earnings per share (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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was down 20.3% on a year-over-year basis. Analysts forecast that BorgWarner Inc. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on BWA shares. Robert W. Baird upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group cut their price objective on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. UBS Group increased their price target on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Citigroup lowered their price objective 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.25.

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.