Aster Capital Management DIFC Ltd Takes Position in BorgWarner Inc. (NYSE:BWA)

Aster Capital Management DIFC Ltd bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,066 shares of the auto parts company's stock, valued at approximately $543,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BWA. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter valued at about $45,000. Avior Wealth Management LLC grew its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner during the 3rd quarter worth about $62,000. Generali Asset Management SPA SGR acquired a new stake in shares of BorgWarner in the fourth quarter valued at $59,000. Finally, Principal Securities Inc. lifted its stake in BorgWarner by 59.1% during the fourth 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 during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

NYSE BWA traded up $0.55 during midday trading on Friday, hitting $26.22. The company had a trading volume of 2,225,842 shares, compared to its average volume of 2,803,080. The firm has a fifty day simple moving average of $28.75 and a two-hundred day simple moving average of $31.89. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23.

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BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 15.93% and a net margin of 2.40%. Equities analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.68%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company'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 value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWA. Barclays cut their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and upped their price objective for the company from $31.00 to $34.00 in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a report on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.56.

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.