Shufro Rose & Co. LLC decreased its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 98.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,383 shares of the auto parts company's stock after selling 361,568 shares during the period. Shufro Rose & Co. LLC's holdings in BorgWarner were worth $203,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of BorgWarner during the fourth quarter worth about $62,180,000. Bank of America Corp DE lifted its position in BorgWarner by 91.9% during the fourth quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock valued at $123,311,000 after purchasing an additional 1,857,907 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in BorgWarner by 8,137.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock worth $41,297,000 after buying an additional 1,283,287 shares in the last quarter. LSV Asset Management increased its holdings in shares of BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after buying an additional 792,100 shares during the last quarter. Finally, Swedbank AB raised its position in shares of BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock valued at $51,454,000 after buying an additional 774,438 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Isabelle Mckenzie sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the vice president now owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,036 shares of company stock worth $2,017,364 over the last three months. Company insiders own 0.45% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on BWA. UBS Group increased their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Robert W. Baird boosted their target price on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, March 7th. Morgan Stanley decreased their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and an average price target of $37.73.
Check Out Our Latest Stock Analysis on BWA
BorgWarner Trading Down 1.0%
Shares of BWA traded down $0.33 during mid-day trading on Friday, hitting $33.12. 2,020,989 shares of the company's stock traded hands, compared to its average volume of 2,690,549. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.28 billion, a P/E ratio of 23.16, a PEG ratio of 0.77 and a beta of 1.08. The business's 50-day moving average price is $29.34 and its 200-day moving average price is $30.81. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $37.29.
BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The business had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.
BorgWarner Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. BorgWarner's payout ratio is currently 35.20%.
About BorgWarner
(
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.
Featured Stories
Before you consider BorgWarner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BorgWarner wasn't on the list.
While BorgWarner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
