BorgWarner Inc. (NYSE:BWA) Shares Bought by MMCAP International Inc. SPC

MMCAP International Inc. SPC grew its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 269,758 shares of the auto parts company’s stock after purchasing an additional 28,500 shares during the quarter. BorgWarner accounts for 1.3% of MMCAP International Inc. SPC’s investment portfolio, making the stock its 22nd biggest position. MMCAP International Inc. SPC’s holdings in BorgWarner were worth $8,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after purchasing an additional 25,475 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of BorgWarner during the third quarter worth about $908,000. Merit Financial Group LLC lifted its stake in shares of BorgWarner by 33.2% in the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after acquiring an additional 4,537 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after acquiring an additional 593,265 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BWA shares. Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Guggenheim reiterated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com cut BorgWarner from a “buy” rating to a “hold” 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.57.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the company’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 directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.8 %

Shares of BorgWarner stock opened at $29.97 on Wednesday. The firm has a market cap of $6.55 billion, a P/E ratio of 20.95, a P/E/G ratio of 0.77 and a beta of 1.18. The business has a 50-day moving average price of $31.35 and a 200 day moving average price of $33.04. BorgWarner Inc. has a fifty-two week low of $28.65 and a fifty-two week high of $38.22. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.