13,288 Shares in BorgWarner Inc. (NYSE:BWA) Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,288 shares of the auto parts company's stock, valued at approximately $422,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in shares of BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after purchasing an additional 595 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock valued at $1,650,000 after buying an additional 25,475 shares during the period. Proficio Capital Partners LLC acquired a new position in BorgWarner in the fourth quarter valued at about $1,197,000. Wellington Management Group LLP boosted its stake in 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 buying an additional 394 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of BorgWarner during the fourth quarter valued at about $5,077,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BWA shares. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research report on Tuesday, March 18th. TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, March 7th. Guggenheim set a $38.00 price objective on BorgWarner in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.06.

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BorgWarner Stock Performance

Shares of NYSE:BWA traded down $1.29 during trading on Friday, reaching $25.92. The stock had a trading volume of 3,671,811 shares, compared to its average volume of 2,778,715. 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 stock has a fifty day simple moving average of $29.63 and a two-hundred day simple moving average of $32.28. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 52 week low of $24.66 and a 52 week high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. As a group, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.70%. BorgWarner's payout ratio is 30.77%.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. This represents a 38.03 % 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 90 days. 0.45% of the stock is currently owned by insiders.

BorgWarner 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.