Frontier Capital Management Co. LLC increased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,702,333 shares of the auto parts company's stock after purchasing an additional 321,361 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.78% of BorgWarner worth $54,117,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after buying an additional 342 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after acquiring an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after acquiring an additional 393 shares during the last quarter. Norinchukin Bank The lifted its position in BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after acquiring an additional 402 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in BorgWarner by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock valued at $1,537,000 after acquiring an additional 450 shares during the period. Institutional investors own 95.67% of the company's stock.
BorgWarner Stock Performance
NYSE BWA opened at $30.32 on Thursday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. 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 cap of $6.66 billion, a P/E ratio of 21.20, a PEG ratio of 0.77 and a beta of 1.08. The company's 50-day simple moving average is $28.02 and its 200 day simple moving average is $30.98.
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 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 analyst estimates of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The company's revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. As a group, research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.
BorgWarner Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 1.45%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.
Insider Transactions at BorgWarner
In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred on 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 owns 259,310 shares of the company's stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. UBS Group restated a "neutral" rating and issued a $31.00 price objective (down previously from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. Guggenheim dropped their target price on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner has an average rating of "Moderate Buy" and a consensus price target of $37.00.
Read Our Latest Report on BorgWarner
BorgWarner Profile
(
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.
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