Lbp Am Sa Grows Position in BorgWarner Inc. (NYSE:BWA)

Lbp Am Sa grew its stake in BorgWarner Inc. (NYSE:BWA) by 221.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,920 shares of the auto parts company’s stock after purchasing an additional 217,694 shares during the period. Lbp Am Sa’s holdings in BorgWarner were worth $10,043,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BWA. Brooklyn Investment Group purchased a new stake in BorgWarner in the 3rd quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in shares of BorgWarner during the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC raised its stake in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner during the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. raised its stake in shares of BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after buying an additional 720 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. The Goldman Sachs Group reduced their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. Barclays reduced their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley reduced their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

BorgWarner Stock Up 3.4 %

Shares of BWA opened at $28.72 on Friday. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The company 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 1.21. The stock has a fifty day simple moving average of $30.70 and a two-hundred day simple moving average of $32.76. 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 issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd 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 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Insider Buying and Selling

In other BorgWarner news, 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 $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value 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. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.63% of the stock is currently owned by insiders.

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.