Mercer Global Advisors Inc. ADV acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,319 shares of the auto parts company's stock, valued at approximately $1,377,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its holdings in BorgWarner by 14.7% in the third quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock worth $16,092,000 after buying an additional 56,988 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the 3rd quarter valued at $62,000. Franklin Resources Inc. boosted its holdings in BorgWarner by 292.9% in the third quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock worth $8,986,000 after purchasing an additional 189,081 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of BorgWarner by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock valued at $9,502,000 after acquiring an additional 7,559 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in shares of BorgWarner by 30.8% in the 4th quarter. First Hawaiian Bank now owns 22,812 shares of the auto parts company's stock valued at $725,000 after acquiring an additional 5,378 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on BWA shares. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Guggenheim cut their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird raised their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.47.
Check Out Our Latest Research Report on BWA
Insiders Place Their Bets
In related news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business'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 completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by corporate insiders.
BorgWarner Price Performance
BorgWarner stock opened at $31.14 on Friday. The business has a 50 day simple moving average of $28.06 and a 200 day simple moving average of $30.96. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23. The company has a market capitalization of $6.84 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. 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 issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.
BorgWarner Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.41%. 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.
See Also
Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA - Free Report).
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