BorgWarner Inc. (NYSE:BWA) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC raised its holdings in BorgWarner Inc. (NYSE:BWA) by 44.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,434 shares of the auto parts company’s stock after acquiring an additional 4,751 shares during the period. Inspire Advisors LLC’s holdings in BorgWarner were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BWA. Brooklyn Investment Group acquired a new position in BorgWarner in the 3rd quarter valued at $32,000. True Wealth Design LLC acquired a new position in BorgWarner in the 3rd quarter valued at $38,000. 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner in the 3rd quarter valued at $62,000. Finally, Principal Securities Inc. raised its holdings in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after acquiring an additional 720 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Down 2.3 %

Shares of NYSE BWA opened at $28.57 on Thursday. BorgWarner Inc. has a 12-month low of $27.90 and a 12-month high of $38.23. The company has a market cap of $6.25 billion, a P/E ratio of 19.98, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $30.84 and a 200 day moving average price of $32.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. BorgWarner’s payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 in the last ninety days. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BWA shares. Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company upped their price objective 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 objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.