Park Avenue Securities LLC Raises Stake in BorgWarner Inc. (NYSE:BWA)

Park Avenue Securities LLC increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 32.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,838 shares of the auto parts company’s stock after purchasing an additional 2,416 shares during the quarter. Park Avenue Securities LLC’s holdings in BorgWarner were worth $313,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. increased its position in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Swedbank AB raised its position in BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after purchasing an additional 445,540 shares during the period. Bridgewater Associates LP lifted its stake in shares of BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of BorgWarner in the third quarter worth about $11,113,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company dropped their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays decreased their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.47.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Also, EVP Paul Arthur Farrell sold 20,266 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is owned by insiders.

BorgWarner Stock Up 1.2 %

Shares of NYSE:BWA opened at $32.61 on Friday. The company’s fifty day moving average is $32.91 and its two-hundred day moving average is $33.39. 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 Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

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.