Personal CFO Solutions LLC Buys 18,059 Shares of BorgWarner Inc. (NYSE:BWA)

Personal CFO Solutions LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 137.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,159 shares of the auto parts company’s stock after acquiring an additional 18,059 shares during the quarter. Personal CFO Solutions LLC’s holdings in BorgWarner were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Truist Financial Corp increased its position in BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after buying an additional 595 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in 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 valued at $1,650,000 after buying an additional 25,475 shares during the period. Wellington Management Group LLP boosted its stake in BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares during the period. Mirabella Financial Services LLP bought a new stake in BorgWarner during the third quarter worth about $908,000. Finally, Merit Financial Group LLC lifted its stake in BorgWarner by 33.2% during the fourth 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 during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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 approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Stock Performance

BorgWarner stock opened at $29.85 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The firm has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $32.88. BorgWarner Inc. has a 1-year low of $27.90 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly 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 net margin of 2.40% and a return on equity of 15.93%. On average, analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.47%. BorgWarner’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.93.

BorgWarner 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.