HB Wealth Management LLC lifted its position in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,568 shares of the auto parts company’s stock after purchasing an additional 344 shares during the period. HB Wealth Management LLC’s holdings in BorgWarner were worth $506,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance raised its holdings in BorgWarner by 7.2% in the third quarter. Independent Advisor Alliance now owns 7,520 shares of the auto parts company’s stock valued at $236,000 after acquiring an additional 503 shares in the last quarter. Fifth Third Bancorp raised its holdings in BorgWarner by 94.2% in the third quarter. Fifth Third Bancorp now owns 53,564 shares of the auto parts company’s stock valued at $1,682,000 after acquiring an additional 25,989 shares in the last quarter. Infini Capital Management Ltd acquired a new stake in BorgWarner in the second quarter valued at $216,000. Signaturefd LLC raised its holdings in BorgWarner by 17.5% in the third quarter. Signaturefd LLC now owns 2,567 shares of the auto parts company’s stock valued at $81,000 after acquiring an additional 382 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in BorgWarner by 28.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21,831 shares of the auto parts company’s stock valued at $685,000 after purchasing an additional 4,877 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other BorgWarner news, VP Craig Aaron sold 9,638 shares of BorgWarner stock in a transaction on Monday, February 13th. The shares were sold at an average price of $48.29, for a total transaction of $465,419.02. Following the sale, the vice president now owns 13,435 shares in the company, valued at $648,776.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other BorgWarner news, VP Craig Aaron sold 9,638 shares of BorgWarner stock in a transaction on Monday, February 13th. The shares were sold at an average price of $48.29, for a total transaction of $465,419.02. Following the sale, the vice president now owns 13,435 shares in the company, valued at $648,776.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 6,889 shares of BorgWarner stock in a transaction on Monday, March 6th. The stock was sold at an average price of $50.87, for a total transaction of $350,443.43. Following the sale, the chief accounting officer now owns 28,105 shares in the company, valued at approximately $1,429,701.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,707 shares of company stock valued at $5,027,503. 0.54% of the stock is owned by company insiders.
BorgWarner Stock Performance
BorgWarner (NYSE:BWA – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The auto parts company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.08 by $0.18. BorgWarner had a net margin of 5.97% and a return on equity of 14.97%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post 4.85 EPS for the current fiscal year.
BorgWarner Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, February 28th. BorgWarner’s dividend payout ratio (DPR) is currently 17.00%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of BorgWarner from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, February 10th. The Goldman Sachs Group boosted their target price on shares of BorgWarner from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 10th. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, December 7th. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $50.00 in a research note on Monday, January 9th. Finally, Oppenheimer boosted their target price on shares of BorgWarner from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.91.
BorgWarner Company Profile
BorgWarner, Inc engages in the provision of technology solutions for combustion, hybrid and electric vehicles. It operates through the following segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance.
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