Van ECK Associates Corp Purchases 5,126 Shares of BorgWarner Inc. (NYSE:BWA)

Van ECK Associates Corp boosted its position in BorgWarner Inc. (NYSE:BWA) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,058 shares of the auto parts company’s stock after acquiring an additional 5,126 shares during the period. Van ECK Associates Corp’s holdings in BorgWarner were worth $2,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of BorgWarner in the third quarter worth approximately $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner in the third quarter worth approximately $38,000. Avior Wealth Management LLC raised its stake 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 worth $46,000 after purchasing an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the third quarter worth approximately $62,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of BorgWarner in the third quarter worth approximately $78,000. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of several analyst reports. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company increased their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $40.57.

BorgWarner Price Performance

NYSE:BWA opened at $30.23 on Friday. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a 52-week low of $28.65 and a 52-week high of $38.22. The stock has a fifty day moving average of $31.57 and a 200 day moving average of $33.07. 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 posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. BorgWarner’s payout ratio is 30.77%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

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.