Vivaldi Capital Management LP Acquires Shares of 427,277 BorgWarner Inc. (NYSE:BWA)

Vivaldi Capital Management LP purchased a new position in BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 427,277 shares of the auto parts company's stock, valued at approximately $14,052,000. BorgWarner comprises 2.1% of Vivaldi Capital Management LP's holdings, making the stock its 12th biggest holding. Vivaldi Capital Management LP owned 0.20% of BorgWarner as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BWA. Barclays PLC grew its position in BorgWarner by 14.7% during the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock worth $16,092,000 after purchasing an additional 56,988 shares in the last quarter. Principal Financial Group Inc. grew its position in BorgWarner by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock worth $9,502,000 after purchasing an additional 7,559 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in BorgWarner during the 4th quarter worth approximately $2,142,000. Park Avenue Securities LLC grew its position in BorgWarner by 32.6% during the 4th quarter. Park Avenue Securities LLC now owns 9,838 shares of the auto parts company's stock worth $313,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in BorgWarner by 33.2% during the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company's stock worth $579,000 after purchasing an additional 4,537 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the transaction, the vice president now owns 63,445 shares in the company, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,036 shares of company stock valued at $2,017,364 in the last quarter. Insiders own 0.63% of the company's stock.

BorgWarner Stock Down 0.8%

Shares of BWA stock traded down $0.28 on Friday, hitting $32.68. The company's stock had a trading volume of 2,254,294 shares, compared to its average volume of 2,763,259. 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 Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The firm's fifty day moving average price is $28.93 and its 200-day moving average price is $30.89. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business earned $1.03 EPS. BorgWarner's quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.35%. BorgWarner's dividend payout ratio is 35.20%.

Analysts Set New Price Targets

Several research firms have weighed in on BWA. UBS Group lifted their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $37.73.

BorgWarner Company 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.