Raymond James Financial Inc. Invests $3.86 Million in BorgWarner Inc. (NYSE:BWA)

Raymond James Financial Inc. acquired a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 121,408 shares of the auto parts company's stock, valued at approximately $3,860,000. Raymond James Financial Inc. owned about 0.06% of BorgWarner at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in BorgWarner by 14.7% in the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock valued at $16,092,000 after acquiring an additional 56,988 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in shares of BorgWarner by 8.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company's stock valued at $258,000 after purchasing an additional 550 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner during the third quarter valued at about $62,000. Peapack Gladstone Financial Corp lifted its holdings in BorgWarner by 2.0% in the third quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company's stock worth $3,896,000 after purchasing an additional 2,067 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of BorgWarner by 292.9% in the third quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock valued at $8,986,000 after acquiring an additional 189,081 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Down 1.7 %

NYSE:BWA traded down $0.48 during mid-day trading on Wednesday, reaching $28.37. The stock had a trading volume of 1,731,770 shares, compared to its average volume of 2,780,405. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market cap of $6.23 billion, a P/E ratio of 19.84, a PEG ratio of 0.77 and a beta of 1.12. The business's 50 day moving average is $28.09 and its 200 day moving average is $31.20. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23.

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 (EPS) for the quarter, beating 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, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.55%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BWA. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Evercore ISI reduced their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.19.

Insiders Place Their Bets

In other 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 value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sold 45,800 shares of company stock valued at $1,347,701 over the last 90 days. 0.45% of the stock is currently owned by company insiders.

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.