Los Angeles Capital Management LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

Los Angeles Capital Management LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,774 shares of the auto parts company’s stock, valued at approximately $343,000.

Several other large investors also recently added to or reduced their stakes in BWA. Private Advisor Group LLC lifted its stake in shares of BorgWarner by 8.4% in the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock valued at $256,000 after purchasing an additional 549 shares during the last quarter. State of Alaska Department of Revenue lifted its position in BorgWarner by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock worth $960,000 after buying an additional 1,525 shares during the last quarter. New York State Common Retirement Fund lifted its position in BorgWarner by 19.4% in the third quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock worth $17,856,000 after buying an additional 80,106 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in BorgWarner by 50.7% during the third quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock worth $1,962,000 after buying an additional 18,175 shares during the period. Finally, Van ECK Associates Corp increased its position in BorgWarner by 8.6% during the third quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock valued at $2,557,000 after acquiring an additional 5,953 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

BWA opened at $28.80 on Tuesday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.77 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $28.54 and a 12-month high of $38.22. The business’s fifty day simple moving average is $31.23 and its 200-day simple moving average is $33.00.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.53.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

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.