Wealth Enhancement Advisory Services LLC Has $2.42 Million Position in BorgWarner Inc. (NYSE:BWA)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,168 shares of the auto parts company’s stock after buying an additional 393 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BorgWarner were worth $2,421,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in shares of BorgWarner in the 3rd quarter worth about $25,000. Brooklyn Investment Group bought a new stake in BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC bought a new stake in BorgWarner during the 3rd quarter worth approximately $38,000. Trust Co. of Vermont raised its stake 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 worth $50,000 after purchasing an additional 645 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner in the third quarter valued at approximately $62,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Stock Up 0.8 %

BWA stock opened at $31.85 on Wednesday. The stock has a fifty day moving average of $33.33 and a 200-day moving average of $33.37. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the business earned $0.98 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. BorgWarner’s payout ratio is 11.17%.

Analyst Ratings Changes

A number of equities research analysts recently commented on BWA shares. JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Guggenheim restated a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $41.07.

Insiders Place Their Bets

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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 approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,010 shares of company stock worth $7,678,076 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

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.