Machina Capital S.A.S. Has $731,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Machina Capital S.A.S. lifted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,983 shares of the auto parts company's stock after acquiring an additional 10,810 shares during the quarter. Machina Capital S.A.S.'s holdings in BorgWarner were worth $731,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BWA. Brooklyn Investment Group purchased a new position in BorgWarner in the 3rd quarter worth about $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the third quarter worth approximately $38,000. Avior Wealth Management LLC raised its holdings 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 acquiring an additional 342 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the 3rd quarter valued at approximately $62,000. Finally, Principal Securities Inc. boosted its stake in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after purchasing an additional 720 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $0.68 during midday trading on Wednesday, hitting $28.57. The company's stock had a trading volume of 3,319,720 shares, compared to its average volume of 2,478,803. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock's 50 day simple moving average is $30.84 and its 200 day simple moving average is $32.82. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a fifty-two week low of $27.90 and a fifty-two week high of $38.23.

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

BorgWarner Announces Dividend

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 issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group dropped their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.73.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner 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 sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,800 shares of company stock worth $1,347,701. 0.63% of the stock is currently owned by company insiders.

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.