Pacer Advisors Inc. lifted its stake in BorgWarner Inc. (NYSE:BWA – Get Rating) by 2,929.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,633 shares of the auto parts company’s stock after purchasing an additional 14,150 shares during the period. Pacer Advisors Inc.’s holdings in BorgWarner were worth $589,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam purchased a new position in BorgWarner during the 3rd quarter valued at about $27,000. Lindbrook Capital LLC lifted its position in BorgWarner by 110.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,000 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 524 shares during the period. Quent Capital LLC lifted its position in BorgWarner by 91.7% during the 3rd quarter. Quent Capital LLC now owns 1,311 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 627 shares during the period. Wipfli Financial Advisors LLC purchased a new position in BorgWarner during the 3rd quarter valued at about $52,000. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new position in BorgWarner during the 3rd quarter valued at about $64,000. 91.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BWA shares. Barclays started coverage on shares of BorgWarner in a research report on Tuesday, February 14th. They set an “overweight” rating and a $62.00 price target for the company. StockNews.com began coverage on shares of BorgWarner in a research report on Thursday, March 16th. They set a “strong-buy” rating for the company. The Goldman Sachs Group increased their price target on shares of BorgWarner from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Morgan Stanley boosted their price objective on shares of BorgWarner from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, February 10th. Finally, Robert W. Baird increased their target price on BorgWarner from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $52.82.
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 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm earned $1.06 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts predict that BorgWarner Inc. will post 4.87 earnings per share for the current year.
BorgWarner Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. BorgWarner’s dividend payout ratio is presently 17.00%.
Insider Buying and Selling at BorgWarner
In other BorgWarner news, CAO Tonit M. Calaway sold 14,026 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was 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 SEC, which is available through this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 14,026 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was 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 SEC, which is available through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $51.05, for a total value of $153,150.00. Following the sale, the vice president now directly owns 159,244 shares in the company, valued at $8,129,406.20. The disclosure for this sale can be found here. Insiders have sold a total of 100,707 shares of company stock valued at $5,027,503 over the last ninety days. 0.45% of the stock is currently owned by company insiders.
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.
Featured Stories
- Get a free copy of the StockNews.com research report on BorgWarner (BWA)
- Starbucks Stock Becomes a Value Play
- Kraft Heinz Recovery Gains Momentum
- Here’s Why AMD’s Weak Guidance Is A Blessing In Disguise
- BP Shares Sold Off After Earnings: Here Is What Upset Markets
- Will Forced Divesture Of Grail Boost Illumina Shareholder Value?
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.
