Intact Investment Management Inc. Takes $5.08 Million Position in BorgWarner Inc. (NYSE:BWA)

Intact Investment Management Inc. purchased a new position in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 159,700 shares of the auto parts company's stock, valued at approximately $5,077,000. Intact Investment Management Inc. owned 0.07% of BorgWarner at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BWA. Principal Financial Group Inc. raised its holdings in BorgWarner by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock worth $9,502,000 after purchasing an additional 7,559 shares during the period. Atria Investments Inc raised its holdings in shares of BorgWarner by 12.4% during the third quarter. Atria Investments Inc now owns 32,973 shares of the auto parts company's stock valued at $1,197,000 after acquiring an additional 3,638 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of BorgWarner during the third quarter valued at approximately $412,000. Huntington National Bank raised its holdings in shares of BorgWarner by 48.2% during the third quarter. Huntington National Bank now owns 2,785 shares of the auto parts company's stock valued at $101,000 after acquiring an additional 906 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of BorgWarner during the third quarter valued at approximately $1,105,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

BWA has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group reduced their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, March 7th. StockNews.com cut BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, March 14th. Finally, Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.27.

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BorgWarner Trading Up 0.5 %

BorgWarner stock traded up $0.14 during mid-day trading on Wednesday, hitting $28.96. The company's stock had a trading volume of 3,089,576 shares, compared to its average volume of 2,468,906. The firm has a market capitalization of $6.33 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average is $30.50 and its two-hundred day moving average is $32.63.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly 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 return on equity of 15.93% and a net margin of 2.40%. On average, analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. BorgWarner's dividend payout ratio is currently 30.77%.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 over the last ninety days. Company insiders own 0.45% of the company's stock.

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.