City Center Advisors LLC Grows Holdings in BorgWarner Inc. (NYSE:BWA)

City Center Advisors LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 10.8% in the fourth quarter, HoldingsChannel reports. The fund owned 8,200 shares of the auto parts company’s stock after acquiring an additional 800 shares during the period. City Center Advisors LLC’s holdings in BorgWarner were worth $261,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. increased its stake in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Point72 Asset Management L.P. increased its position in BorgWarner by 361.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock valued at $79,010,000 after buying an additional 1,919,219 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after buying an additional 1,640,503 shares during the last quarter. Earnest Partners LLC boosted its holdings in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock worth $128,308,000 after acquiring an additional 669,137 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of BorgWarner by 86.0% in the second quarter. Hsbc Holdings PLC now owns 1,410,411 shares of the auto parts company’s stock worth $45,576,000 after acquiring an additional 652,097 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Performance

BWA opened at $31.01 on Monday. The company’s 50 day moving average is $33.37 and its 200 day moving average is $33.37. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.77 and a beta of 1.20. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. On average, equities research analysts predict that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Insider Activity

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock valued at $7,678,076 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BWA. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reiterated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.07.

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.