Verdence Capital Advisors LLC Purchases New Stake in BorgWarner Inc. (NYSE:BWA)

Verdence Capital Advisors LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,116 shares of the auto parts company’s stock, valued at approximately $327,000.

Several other hedge funds have also added to or reduced their stakes in BWA. Headlands Technologies LLC bought a new position in BorgWarner during the third quarter worth about $28,000. Sound Income Strategies LLC bought a new position in BorgWarner during the fourth quarter worth about $32,000. Bruce G. Allen Investments LLC bought a new position in BorgWarner during the fourth quarter worth about $33,000. Trust Co. of Vermont boosted its holdings in BorgWarner by 49,000.0% during the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of BorgWarner during the third quarter worth about $51,000. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BWA has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. Barclays raised their price target on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Wells Fargo & Company dropped their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, TheStreet lowered BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $44.30.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last three months, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Up 0.8 %

NYSE:BWA opened at $33.34 on Wednesday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The stock’s 50 day moving average price is $32.58 and its two-hundred day moving average price is $34.00. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

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

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.32%. BorgWarner’s dividend payout ratio is currently 16.48%.

BorgWarner 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.