Sumitomo Mitsui Trust Group Inc. Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,349 shares of the auto parts company’s stock after purchasing an additional 450 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BorgWarner were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BWA. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC acquired a new stake in shares of BorgWarner in the third quarter valued at about $38,000. Trust Co. of Vermont grew its position in shares of BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 645 shares during the period. Avior Wealth Management LLC grew its position in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BorgWarner in the third quarter valued at about $62,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business’s 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Evercore ISI lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

BorgWarner Price Performance

Shares of BWA stock opened at $30.24 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The firm’s 50-day moving average is $31.95 and its two-hundred day moving average is $33.17. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company has a market capitalization of $6.61 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) 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.