BorgWarner Inc. (NYSE:BWA) Shares Acquired by Busey Bank

Busey Bank lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,412 shares of the auto parts company’s stock after buying an additional 7,882 shares during the quarter. Busey Bank owned approximately 0.08% of BorgWarner worth $5,354,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 394 shares during the period. Mirabella Financial Services LLP acquired a new position in BorgWarner in the 3rd quarter valued at $908,000. Merit Financial Group LLC raised its stake in BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock valued at $579,000 after purchasing an additional 4,537 shares during the last quarter. Swedbank AB raised its stake in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the last quarter. Finally, HITE Hedge Asset Management LLC raised its stake in BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after purchasing an additional 64,126 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

NYSE BWA opened at $32.47 on Thursday. The stock has a market cap of $7.10 billion, a PE ratio of 8.24, a P/E/G ratio of 0.63 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22. The stock has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $33.39.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company earned $0.98 EPS. BorgWarner’s revenue was down 4.8% on a year-over-year basis. Equities analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s payout ratio is 11.17%.

Analysts Set New Price Targets

Several research firms recently commented on BWA. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Barclays dropped their target price on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the transaction, the executive vice president now directly owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 222,010 shares of company stock valued at $7,678,076. Corporate insiders own 0.45% of the company’s stock.

About BorgWarner

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.