Bank Julius Baer & Co. Ltd Zurich Has $5.39 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,547 shares of the auto parts company's stock after acquiring an additional 13,290 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of BorgWarner worth $5,387,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BWA. Brooklyn Investment Group acquired a new stake in BorgWarner in the 3rd quarter valued at about $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the third quarter valued at approximately $38,000. Avior Wealth Management LLC boosted its holdings in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner in the third quarter valued at $62,000. Finally, Principal Securities Inc. increased its holdings in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after buying an additional 720 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWA has been the topic of several recent analyst reports. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday. Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.73.

Remove Ads

BorgWarner Trading Up 0.2 %

Shares of NYSE BWA traded up $0.05 during midday trading on Monday, hitting $29.86. The stock had a trading volume of 3,535,777 shares, compared to its average volume of 2,476,513. The company's 50-day simple moving average is $30.93 and its 200 day simple moving average is $32.87. The firm has a market cap of $6.53 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results 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%. Research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

Insider Activity at BorgWarner

In other BorgWarner 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 sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $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 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.