Choreo LLC Buys Shares of 32,280 BorgWarner Inc. (NYSE:BWA)

Choreo 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,280 shares of the auto parts company's stock, valued at approximately $1,021,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock worth $1,003,000 after purchasing an additional 394 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of BorgWarner during the third quarter worth about $908,000. Merit Financial Group LLC lifted its position in shares of BorgWarner by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company's stock worth $579,000 after purchasing an additional 4,537 shares in the last quarter. Swedbank AB lifted its position in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock worth $30,633,000 after purchasing an additional 593,265 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its position in shares of BorgWarner by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock worth $10,536,000 after purchasing an additional 64,126 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Down 1.9 %

BorgWarner stock traded down $0.55 during mid-day trading on Wednesday, hitting $28.89. The company had a trading volume of 2,924,629 shares, compared to its average volume of 2,614,157. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 0.63 and a beta of 1.18. The business has a fifty day moving average of $32.23 and a 200 day moving average of $33.25. BorgWarner Inc. has a 1 year low of $28.65 and a 1 year high of $38.22.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.52%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the firm's 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 transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,544 shares of company stock worth $1,859,393. Insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

BWA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Guggenheim restated a "buy" rating and set a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Evercore ISI cut 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. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average price target of $40.20.

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.