BorgWarner Inc. (NYSE:BWA) Shares Bought by Capital Analysts LLC

Capital Analysts LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,512 shares of the auto parts company’s stock after buying an additional 509 shares during the quarter. Capital Analysts LLC’s holdings in BorgWarner were worth $162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of BorgWarner during the 4th quarter worth approximately $92,430,000. Nuveen Asset Management LLC grew its stake in BorgWarner by 351.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,679,073 shares of the auto parts company’s stock valued at $131,033,000 after acquiring an additional 2,085,433 shares during the period. Boston Partners grew its stake in BorgWarner by 58.9% in the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after acquiring an additional 1,951,783 shares during the period. Invesco Ltd. grew its stake in BorgWarner by 30.4% in the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after acquiring an additional 1,024,361 shares during the period. Finally, American Century Companies Inc. grew its stake in BorgWarner by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after acquiring an additional 648,633 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Tuesday, February 20th. Wells Fargo & Company decreased their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Barclays raised their price objective on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler initiated coverage on BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

BorgWarner Stock Up 0.8 %

NYSE BWA opened at $32.11 on Friday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $32.50 and its 200-day simple moving average is $34.20. The firm has a market cap of $7.38 billion, a PE ratio of 12.03, a P/E/G ratio of 0.97 and a beta of 1.31.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.37%. BorgWarner’s dividend payout ratio (DPR) is currently 16.48%.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the transaction, the vice president now directly owns 252,013 shares of the company’s stock, valued at approximately $7,885,486.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at $2,679,638.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,503 shares of company stock worth $9,015,478. Company insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.