AE Wealth Management LLC raised its position in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,995 shares of the auto parts company’s stock after acquiring an additional 223 shares during the period. AE Wealth Management LLC’s holdings in BorgWarner were worth $3,542,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in BorgWarner by 2.2% during the first quarter. Vanguard Group Inc. now owns 26,131,243 shares of the auto parts company’s stock valued at $1,016,505,000 after acquiring an additional 570,039 shares during the period. Victory Capital Management Inc. boosted its holdings in BorgWarner by 4.1% during the third quarter. Victory Capital Management Inc. now owns 10,148,662 shares of the auto parts company’s stock valued at $318,668,000 after acquiring an additional 396,485 shares during the period. State Street Corp boosted its holdings in BorgWarner by 0.5% during the third quarter. State Street Corp now owns 9,815,492 shares of the auto parts company’s stock valued at $308,206,000 after acquiring an additional 50,791 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BorgWarner by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 6,848,944 shares of the auto parts company’s stock valued at $215,062,000 after buying an additional 204,210 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of BorgWarner by 5.3% during the third quarter. Macquarie Group Ltd. now owns 4,706,534 shares of the auto parts company’s stock valued at $147,785,000 after buying an additional 234,998 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CAO Tonit M. Calaway sold 14,026 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $49.59, for a total transaction of $695,549.34. Following the sale, the chief accounting officer now directly owns 40,875 shares of the company’s stock, valued at $2,026,991.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BorgWarner news, VP Craig Aaron sold 9,638 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $48.29, for a total value 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 is available through this hyperlink. Also, CAO Tonit M. Calaway sold 14,026 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $49.59, for a total transaction of $695,549.34. Following the completion of the sale, the chief accounting officer now owns 40,875 shares in the company, valued at $2,026,991.25. The disclosure for this sale can be found here. Insiders have sold 100,707 shares of company stock valued at $5,027,503 over the last three months. 0.45% of the stock is owned by insiders.
BorgWarner Price Performance
BorgWarner (NYSE:BWA – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The auto parts company reported $1.26 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. BorgWarner’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts predict that BorgWarner Inc. will post 4.85 earnings per share for the current fiscal year.
BorgWarner Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. BorgWarner’s dividend payout ratio (DPR) is currently 17.00%.
Wall Street Analyst Weigh In
BWA has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of BorgWarner in a research report on Thursday, March 16th. They set a “strong-buy” rating for the company. Barclays assumed coverage on shares of BorgWarner in a research report on Tuesday, February 14th. They set an “overweight” rating and a $62.00 price objective for the company. Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $50.00 in a research report on Monday, January 9th. Morgan Stanley increased their price target on shares of BorgWarner from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. Finally, The Goldman Sachs Group increased their price target on shares of BorgWarner from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 10th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.82.
BorgWarner 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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