Tower Research Capital LLC TRC Has $718,000 Position in BorgWarner Inc. (NYSE:BWA)

Tower Research Capital LLC TRC boosted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 254.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,592 shares of the auto parts company's stock after purchasing an additional 16,210 shares during the quarter. Tower Research Capital LLC TRC's holdings in BorgWarner were worth $718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner in the fourth quarter valued at approximately $45,000. Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of BorgWarner during the 4th quarter valued at $59,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner during the 3rd quarter worth $62,000. Finally, Principal Securities Inc. increased its position in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after purchasing an additional 720 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BWA. Robert W. Baird cut their price objective on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. TD Cowen cut 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. Finally, BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $37.19.

BorgWarner Trading Up 0.8 %

BWA traded up $0.22 during trading on Thursday, reaching $28.60. 987,801 shares of the company's stock were exchanged, compared to its average volume of 2,773,341. The firm has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $31.18. The stock has a market capitalization of $6.28 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 1.54%. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last ninety days. 0.45% of the stock is owned by company insiders.

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.