Jones Financial Companies Lllp Acquires 9,799 Shares of BorgWarner Inc. (NYSE:BWA)

Jones Financial Companies Lllp lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 64.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,976 shares of the auto parts company's stock after acquiring an additional 9,799 shares during the period. Jones Financial Companies Lllp's holdings in BorgWarner were worth $794,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Studio Investment Management LLC lifted its stake in BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock worth $102,000 after purchasing an additional 310 shares during the period. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock valued at $1,730,000 after purchasing an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in BorgWarner by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after purchasing an additional 393 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in BorgWarner by 1.4% in 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. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now 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 legal filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last three months. Company insiders own 0.63% of the company's stock.

BorgWarner Stock Performance

BWA stock traded down $0.66 during trading hours on Wednesday, hitting $28.59. 1,815,496 shares of the stock were exchanged, compared to its average volume of 2,547,870. BorgWarner Inc. has a 12 month low of $27.90 and a 12 month high of $38.22. 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 company has a 50-day simple moving average of $30.84 and a two-hundred day simple moving average of $32.82. The firm has a market capitalization of $6.25 billion, a P/E ratio of 19.99, a P/E/G ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. On average, analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

Several research firms have weighed in on BWA. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Guggenheim set a $38.00 price target on shares of BorgWarner in a report on Wednesday, March 5th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Friday, March 7th. Finally, Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average price target of $39.73.

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.