Skandinaviska Enskilda Banken AB publ Acquires 51,331 Shares of BorgWarner Inc. (NYSE:BWA)

Skandinaviska Enskilda Banken AB publ lifted its holdings in BorgWarner Inc. (NYSE:BWA) by 33,770.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,483 shares of the auto parts company’s stock after buying an additional 51,331 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in BorgWarner were worth $1,629,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after buying an additional 217,050 shares in the last quarter. Pacer Advisors Inc. lifted 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 acquiring an additional 4,625,685 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after acquiring an additional 445,540 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in BorgWarner by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock worth $81,553,000 after purchasing an additional 60,935 shares during the period. Finally, Ninety One UK Ltd raised its holdings in BorgWarner by 22.5% during the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock worth $62,427,000 after purchasing an additional 361,112 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $28.32 on Tuesday. The company has a market capitalization of $6.19 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company’s 50 day moving average price is $30.57 and its two-hundred day moving average price is $32.67.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. BorgWarner’s payout ratio is presently 30.77%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BWA shares. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. TD Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Guggenheim set a $38.00 target price on shares of BorgWarner in a research report on Wednesday, March 5th. Wells Fargo & Company increased their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley decreased their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

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.