BorgWarner Inc. (NYSE:BWA) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,547 shares of the auto parts company’s stock after acquiring an additional 13,290 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of BorgWarner worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC purchased a new position in BorgWarner in the 3rd quarter valued at about $38,000. Avior Wealth Management LLC lifted its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner in the 3rd quarter valued at about $62,000. Finally, Principal Securities Inc. lifted its holdings in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

BorgWarner Trading Up 1.6 %

NYSE BWA opened at $29.85 on Monday. BorgWarner Inc. has a one year low of $27.90 and a one year high of $38.22. The company’s 50 day moving average price is $30.93 and its 200 day moving average price is $32.87. 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 firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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, sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BWA. Barclays cut their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Guggenheim reiterated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a report on Thursday, December 12th. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Evercore ISI cut their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $39.93.

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.