Commonwealth Equity Services LLC Raises Holdings in BorgWarner Inc. (NYSE:BWA)

Posted by Defense World Staff on May 11th, 2023

BorgWarner logo Commonwealth Equity Services LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,503 shares of the auto parts company’s stock after purchasing an additional 5,212 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of BorgWarner worth $5,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWA. Edge Capital Group LLC acquired a new position in BorgWarner in the fourth quarter valued at approximately $76,000. Envestnet Asset Management Inc. lifted its holdings in BorgWarner by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 250,355 shares of the auto parts company’s stock valued at $10,077,000 after acquiring an additional 5,694 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in BorgWarner by 9.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 191,202 shares of the auto parts company’s stock valued at $7,700,000 after acquiring an additional 16,129 shares during the period. Savant Capital LLC acquired a new position in BorgWarner in the fourth quarter valued at approximately $236,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in BorgWarner by 12.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 553,656 shares of the auto parts company’s stock valued at $22,285,000 after acquiring an additional 63,099 shares during the period. Institutional investors and hedge funds own 91.44% of the company’s stock.

BorgWarner Stock Down 0.4 %

Shares of BWA opened at $44.31 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 1.59. The stock has a 50 day moving average price of $47.56 and a 200 day moving average price of $44.65. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.68 and a beta of 1.41. BorgWarner Inc. has a one year low of $31.14 and a one year high of $51.14.

BorgWarner (NYSE:BWA – Get Rating) last issued its earnings results on Thursday, May 4th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). BorgWarner had a net margin of 5.97% and a return on equity of 14.85%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that BorgWarner Inc. will post 4.88 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, May 31st. BorgWarner’s dividend payout ratio (DPR) is presently 16.63%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup boosted their price target on BorgWarner from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, January 13th. Wells Fargo & Company cut their price objective on BorgWarner from $56.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, April 10th. The Goldman Sachs Group boosted their price objective on BorgWarner from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, February 10th. StockNews.com cut BorgWarner from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 5th. Finally, Robert W. Baird boosted their price objective on BorgWarner from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.27.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $51.05, for a total transaction of $153,150.00. Following the transaction, the vice president now owns 159,244 shares of the company’s stock, valued at approximately $8,129,406.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other BorgWarner news, VP Craig Aaron sold 9,638 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $48.29, for a total value of $465,419.02. Following the sale, the vice president now owns 13,435 shares of the company’s stock, valued at approximately $648,776.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the 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 completion of the sale, the vice president now directly owns 159,244 shares in the company, valued at approximately $8,129,406.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,707 shares of company stock valued at $5,027,503. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Profile

(Get Rating)

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.