Blueshift Asset Management LLC Invests $411,000 in BorgWarner Inc. (NYSE:BWA)

Blueshift Asset Management LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,914 shares of the auto parts company's stock, valued at approximately $411,000.

A number of other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of BorgWarner by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company's stock valued at $1,161,000 after purchasing an additional 2,451 shares during the last quarter. Thrivent Financial for Lutherans grew its position in BorgWarner by 786.2% in the third quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company's stock valued at $3,095,000 after acquiring an additional 75,671 shares during the last quarter. Meeder Asset Management Inc. raised its stake in BorgWarner by 336.8% during the third quarter. Meeder Asset Management Inc. now owns 2,516 shares of the auto parts company's stock worth $91,000 after acquiring an additional 1,940 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of BorgWarner by 7.1% in the third quarter. Prospera Financial Services Inc now owns 11,892 shares of the auto parts company's stock worth $432,000 after acquiring an additional 787 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in shares of BorgWarner by 20.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,353 shares of the auto parts company's stock valued at $376,000 after purchasing an additional 1,726 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Remove Ads

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was 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 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. Over 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BWA shares. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Tuesday, March 18th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and a consensus price target of $39.06.

BorgWarner Trading Up 2.7 %

Shares of BorgWarner stock traded up $0.77 on Monday, reaching $29.47. 3,191,806 shares of the company's stock were exchanged, compared to its average volume of 2,646,180. The firm's 50-day moving average is $30.31 and its two-hundred day moving average is $32.51. The company has a market capitalization of $6.47 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

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.