Natixis Advisors L.P. grew its stake in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,379 shares of the auto parts company’s stock after acquiring an additional 14,223 shares during the period. Natixis Advisors L.P. owned 0.15% of BorgWarner worth $14,344,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BWA. Tobam bought a new position in BorgWarner during the third quarter worth about $27,000. Lindbrook Capital LLC increased its position in BorgWarner by 110.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,000 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 524 shares during the period. Quent Capital LLC increased its position in BorgWarner by 91.7% during the third quarter. Quent Capital LLC now owns 1,311 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 627 shares during the period. Wipfli Financial Advisors LLC bought a new position in BorgWarner during the third quarter worth about $52,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new position in BorgWarner during the third quarter worth about $64,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Craig Aaron sold 9,638 shares of the 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 transaction, the vice president now directly owns 13,435 shares of the company’s stock, valued at $648,776.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, VP Craig Aaron sold 9,638 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $48.29, for a total transaction of $465,419.02. Following the completion of the sale, the vice president now directly owns 13,435 shares of the company’s stock, valued at approximately $648,776.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Davide Girelli sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 37,356 shares of the company’s stock, valued at $1,867,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,707 shares of company stock worth $5,027,503. Company insiders own 0.45% of the company’s stock.
BorgWarner Stock Up 1.7 %
BorgWarner (NYSE:BWA – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The auto parts company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. BorgWarner had a return on equity of 14.97% and a net margin of 5.97%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $1.06 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, research analysts forecast that BorgWarner Inc. will post 4.85 EPS for the current year.
BorgWarner Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. BorgWarner’s payout ratio is currently 17.00%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on BorgWarner from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, February 10th. Robert W. Baird increased their price target on shares of BorgWarner from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Oppenheimer boosted their price objective on shares of BorgWarner from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Bank of America lowered BorgWarner from a “buy” rating to a “neutral” rating and decreased their price target for the company from $78.00 to $50.00 in a research note on Monday, January 9th. Finally, The Goldman Sachs Group lifted their price target on BorgWarner from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 10th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.82.
About BorgWarner
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.
Read More
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