Stephens Inc. AR raised its position in shares of BorgWarner Inc. (NYSE:BWA) by 20.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,994 shares of the auto parts company’s stock after purchasing an additional 1,008 shares during the quarter. Stephens Inc. AR’s holdings in BorgWarner were worth $306,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in BorgWarner during the 4th quarter valued at about $119,000. Calton & Associates Inc. bought a new stake in BorgWarner during the 4th quarter valued at about $150,000. Zeke Capital Advisors LLC bought a new stake in BorgWarner during the 3rd quarter valued at about $201,000. Dorsey & Whitney Trust CO LLC bought a new stake in BorgWarner during the 3rd quarter valued at about $202,000. Finally, Rothschild Investment Corp IL bought a new stake in BorgWarner during the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 96.25% of the company’s stock.
BorgWarner Inc. (NYSE BWA) opened at $53.49 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The stock has a market cap of $11,013.88, a P/E ratio of 13.45, a P/E/G ratio of 1.42 and a beta of 1.82. BorgWarner Inc. has a 1-year low of $37.54 and a 1-year high of $58.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, February 28th. BorgWarner’s payout ratio is 32.85%.
A number of analysts have recently commented on BWA shares. Zacks Investment Research lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Citigroup lifted their price target on shares of BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Oppenheimer started coverage on shares of BorgWarner in a research note on Thursday, December 7th. They issued an “outperform” rating and a $63.00 price target for the company. Wells Fargo & Co lifted their price target on shares of BorgWarner from $55.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Finally, UBS Group lifted their price target on shares of BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.59.
In related news, EVP John J. Gasparovic sold 38,409 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $52.60, for a total value of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares of the company’s stock, valued at $3,363,086.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joel Wiegert sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $52.35, for a total transaction of $73,290.00. Following the completion of the transaction, the vice president now directly owns 16,197 shares in the company, valued at approximately $847,912.95. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.
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BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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