Vivaldi Capital Management LP Makes New $14.05 Million Investment in BorgWarner Inc. (NYSE:BWA)

Vivaldi Capital Management LP bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 427,277 shares of the auto parts company's stock, valued at approximately $14,052,000. BorgWarner comprises about 2.1% of Vivaldi Capital Management LP's holdings, making the stock its 12th biggest position. Vivaldi Capital Management LP owned 0.20% of BorgWarner at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWA. Norges Bank bought a new stake in shares of BorgWarner during the fourth quarter worth $62,180,000. Bank of America Corp DE increased its stake in BorgWarner by 91.9% in the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock worth $123,311,000 after buying an additional 1,857,907 shares during the period. Fuller & Thaler Asset Management Inc. increased 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 during the period. LSV Asset Management lifted its holdings in BorgWarner by 22.5% during the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after buying an additional 792,100 shares in the last quarter. Finally, Swedbank AB boosted its position in BorgWarner by 91.7% in 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 during the period. 95.67% of the stock is owned by institutional investors.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm's 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 $1,125,976.90. This trade represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,036 shares of company stock valued at $2,017,364 in the last ninety days. Corporate insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Guggenheim decreased their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group lifted their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. BNP Paribas upgraded 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. Morgan Stanley cut their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.73.

BorgWarner Stock Up 0.7%

Shares of BorgWarner stock traded up $0.22 on Thursday, reaching $32.93. The stock had a trading volume of 2,298,012 shares, compared to its average volume of 2,764,271. 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 stock has a market capitalization of $7.23 billion, a P/E ratio of 23.02, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a 50 day moving average price of $28.77 and a 200 day moving average price of $30.90. 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 announced its 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 company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned $1.03 earnings per share. BorgWarner's revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts forecast 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, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner's dividend payout ratio (DPR) is 35.20%.

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.