Mirae Asset Global Investments Co. Ltd. Increases Stake in BorgWarner Inc. (NYSE:BWA)

Mirae Asset Global Investments Co. Ltd. boosted its stake in BorgWarner Inc. (NYSE:BWA) by 49.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,022 shares of the auto parts company’s stock after buying an additional 8,613 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BorgWarner were worth $838,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of BorgWarner in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC bought a new position in BorgWarner in the third quarter worth $38,000. Avior Wealth Management LLC lifted 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. Trust Co. of Vermont boosted its holdings in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after buying an additional 645 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the 3rd quarter worth about $62,000. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by corporate insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $29.46 on Wednesday. The firm’s 50-day moving average price is $32.23 and its 200-day moving average price is $33.25. BorgWarner Inc. has a 52-week low of $29.23 and a 52-week high of $38.22. The company has a market cap of $6.44 billion, a PE ratio of 20.60, a PEG ratio of 0.63 and a beta of 1.18. The company has a quick ratio of 1.48, 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 the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, analysts anticipate that BorgWarner Inc. will post 4.54 EPS for the current year.

BorgWarner Dividend Announcement

The company 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 yield of 1.49%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

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.