Westpac Banking Corp increased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 3.7% during the 4th quarter, Holdings Channel reports. The firm owned 96,698 shares of the auto parts company’s stock after acquiring an additional 3,467 shares during the quarter. Westpac Banking Corp’s holdings in BorgWarner were worth $4,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Zeke Capital Advisors LLC bought a new stake in shares of BorgWarner during the third quarter valued at approximately $201,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of BorgWarner during the third quarter valued at approximately $202,000. Rothschild Investment Corp IL bought a new stake in shares of BorgWarner during the third quarter valued at approximately $205,000. Reliance Trust Co. of Delaware bought a new stake in shares of BorgWarner during the third quarter valued at approximately $213,000. Finally, Savant Capital LLC bought a new position in BorgWarner in the third quarter valued at approximately $213,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of BorgWarner Inc. (NYSE BWA) opened at $56.94 on Monday. BorgWarner Inc. has a twelve month low of $37.54 and a twelve month high of $58.22. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The company has a market cap of $12,005.14, a price-to-earnings ratio of 41.26, a P/E/G ratio of 1.57 and a beta of 1.77.

BorgWarner (NYSE:BWA) last issued 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. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. analysts predict that BorgWarner Inc. will post 3.83 EPS for the current year.

In other BorgWarner news, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the sale, the executive vice president now directly owns 63,937 shares in the company, valued at approximately $3,363,086.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction on Monday, December 18th. The shares were sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the sale, the vice president now owns 16,197 shares in the company, valued at $847,912.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

BWA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, December 26th. UBS Group raised their price objective on shares of BorgWarner from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. KeyCorp raised their price objective on shares of BorgWarner from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Deutsche Bank cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $61.00 price objective on shares of BorgWarner in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. BorgWarner has an average rating of “Hold” and an average target price of $52.38.

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About BorgWarner

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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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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