Intech Investment Management LLC Takes $3.17 Million Position in BorgWarner Inc. (NYSE:BWA)

Intech Investment Management LLC acquired a new stake in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 99,826 shares of the auto parts company’s stock, valued at approximately $3,173,000.

Several other hedge funds also recently modified their holdings of the business. Studio Investment Management LLC boosted its position in shares of BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 310 shares during the period. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the period. Janney Montgomery Scott LLC lifted its position in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after purchasing an additional 393 shares during the period. Finally, Wellington Management Group LLP lifted its position in BorgWarner by 1.4% in 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 during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on BWA shares. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Friday, March 7th. 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 report on Thursday, January 16th. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday. Guggenheim set a $38.00 target price on BorgWarner in a research report on Wednesday, March 5th. Finally, Barclays dropped 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. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.27.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s 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 transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s 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 owns 242,257 shares in the company, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 over the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $28.96 on Thursday. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The firm has a market cap of $6.33 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The business has a fifty day moving average of $30.45 and a 200-day moving average of $32.61.

BorgWarner (NYSE:BWA) last announced its earnings results 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 return on equity of 15.93% and a net margin of 2.40%. On average, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio is 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.