Personal CFO Solutions LLC raised its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 137.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,159 shares of the auto parts company's stock after purchasing an additional 18,059 shares during the quarter. Personal CFO Solutions LLC's holdings in BorgWarner were worth $991,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Amundi raised its holdings in BorgWarner by 20.2% during the 4th quarter. Amundi now owns 1,233,665 shares of the auto parts company's stock worth $39,071,000 after purchasing an additional 207,688 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of BorgWarner by 9.5% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 153,547 shares of the auto parts company's stock worth $5,387,000 after purchasing an additional 13,290 shares during the last quarter. Machina Capital S.A.S. lifted its stake in BorgWarner by 88.8% during the 4th quarter. Machina Capital S.A.S. now owns 22,983 shares of the auto parts company's stock valued at $731,000 after acquiring an additional 10,810 shares in the last quarter. Edgestream Partners L.P. boosted its stake in shares of BorgWarner by 95.9% in the 4th quarter. Edgestream Partners L.P. now owns 212,085 shares of the auto parts company's stock worth $6,742,000 after buying an additional 103,825 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in BorgWarner in the fourth quarter valued at about $3,860,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at BorgWarner
In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value 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 a total of 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Corporate insiders own 0.63% of the company's stock.
Analyst Upgrades and Downgrades
BWA has been the subject of a number of recent analyst reports. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Morgan Stanley dropped their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group reduced their target price on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Seven equities 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.73.
Read Our Latest Report on BWA
BorgWarner Price Performance
Shares of NYSE BWA traded down $0.68 on Wednesday, hitting $28.57. The company's stock had a trading volume of 3,320,070 shares, compared to its average volume of 2,478,803. The stock has a 50 day moving average of $30.84 and a 200-day moving average of $32.82. BorgWarner Inc. has a 12-month low of $27.90 and a 12-month high of $38.23. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.
BorgWarner (NYSE:BWA - Get Free Report) last released 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%. As a group, research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.
BorgWarner Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. 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 payout ratio is 30.77%.
BorgWarner Profile
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Free Report)
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.
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