Empowered Funds LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

Empowered Funds LLC purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 251,507 shares of the auto parts company's stock, valued at approximately $7,995,000. Empowered Funds LLC owned approximately 0.12% of BorgWarner as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of BorgWarner by 96.3% in the fourth 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 purchasing an additional 25,475 shares during the period. Wellington Management Group LLP boosted its stake in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after purchasing an additional 394 shares during the period. Mirabella Financial Services LLP purchased a new position in shares of BorgWarner in the third quarter valued at $908,000. Merit Financial Group LLC boosted its stake in shares of BorgWarner by 33.2% in the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company's stock valued at $579,000 after purchasing an additional 4,537 shares during the period. Finally, Swedbank AB boosted its stake in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company's stock valued at $30,633,000 after purchasing an additional 593,265 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BWA. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Guggenheim reiterated a "buy" rating and set a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.20.

BorgWarner Stock Performance

Shares of BWA stock traded up $0.84 during trading hours on Friday, reaching $30.24. The stock had a trading volume of 2,915,066 shares, compared to its average volume of 2,608,619. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. BorgWarner Inc. has a twelve month low of $28.65 and a twelve month high of $38.22. The firm has a 50-day simple moving average of $31.95 and a 200-day simple moving average of $33.17. The firm has a market capitalization of $6.61 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. As a group, equities analysts forecast that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction dated 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 owns 259,310 shares of the company's stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

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.