Dynamic Technology Lab Private Ltd purchased a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 41,096 shares of the auto parts company's stock, valued at approximately $1,306,000.
Other large investors have also bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner during the fourth quarter worth about $45,000. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the fourth 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. Generali Asset Management SPA SGR purchased a new position in BorgWarner during the fourth quarter worth about $59,000. Wilmington Savings Fund Society FSB purchased a new stake in BorgWarner in the 3rd quarter valued at about $62,000. Finally, Principal Securities Inc. lifted its position in shares of BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after buying an additional 720 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at BorgWarner
In other news, EVP Tania Wingfield sold 24,000 shares of the business's 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 sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is currently owned by company insiders.
BorgWarner Trading Up 0.1 %
Shares of NYSE:BWA traded up $0.04 during midday trading on Friday, hitting $25.71. 394,353 shares of the stock traded hands, compared to its average volume of 2,794,156. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $28.85 and its two-hundred day moving average is $31.95. The stock has a market capitalization of $5.65 billion, a PE ratio of 17.96, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23.
BorgWarner (NYSE:BWA - Get Free Report) last announced 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 return on equity of 15.93% and a net margin of 2.40%. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.
BorgWarner Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BWA. Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. UBS Group restated a "neutral" rating and set a $31.00 price target (down previously from $38.00) on shares of BorgWarner in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and raised their target price for the stock from $31.00 to $34.00 in a research report on Thursday. Finally, TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, BorgWarner has an average rating of "Moderate Buy" and an average target price of $38.56.
Check Out Our Latest Research Report on BWA
About BorgWarner
(
Free Report)
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.
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