Natixis Advisors LLC Has $26.59 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Natixis Advisors LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 836,303 shares of the auto parts company’s stock after purchasing an additional 81,308 shares during the period. Natixis Advisors LLC owned approximately 0.38% of BorgWarner worth $26,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Studio Investment Management LLC raised its position in shares of BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 310 shares during the period. Avior Wealth Management LLC raised its position in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Janney Montgomery Scott LLC raised its position in BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after buying an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in BorgWarner by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after buying an additional 393 shares during the period. Finally, Wellington Management Group LLP raised its position 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. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BWA shares. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Guggenheim set a $38.00 price target on BorgWarner in a research report on Wednesday, March 5th. Morgan Stanley dropped their price target on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

BorgWarner Stock Performance

BWA opened at $28.32 on Tuesday. The company has a market cap of $6.19 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The stock has a 50-day moving average of $30.57 and a 200-day moving average of $32.67. BorgWarner Inc. has a 52-week low of $27.65 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

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 return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.55%. BorgWarner’s payout ratio is 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.