Olympiad Research LP Makes New $430,000 Investment in BorgWarner Inc. (NYSE:BWA)

Olympiad Research LP purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, Holdings Channel reports. The fund purchased 13,542 shares of the auto parts company’s stock, valued at approximately $430,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Drum Hill Capital LLC bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $3,936,000. Blackston Financial Advisory Group LLC raised its stake in shares of BorgWarner by 8.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 490 shares in the last quarter. Ieq Capital LLC raised its stake in shares of BorgWarner by 50.1% during the fourth quarter. Ieq Capital LLC now owns 56,481 shares of the auto parts company’s stock valued at $1,796,000 after acquiring an additional 18,847 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of BorgWarner by 19.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,058 shares of the auto parts company’s stock valued at $256,000 after acquiring an additional 1,314 shares in the last quarter. Finally, GAM Holding AG bought a new stake in shares of BorgWarner during the fourth quarter valued at approximately $1,186,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective 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, Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

Insider Activity

In other news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $29.49 on Friday. The firm’s fifty day simple moving average is $31.48 and its two-hundred day simple moving average is $33.06. 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 Inc. has a 12-month low of $28.65 and a 12-month high of $38.22. The firm has a market capitalization of $6.45 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) 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%. Analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.