Principal Securities Inc. Raises Stock Position in BorgWarner Inc. (NYSE:BWA)

Principal Securities Inc. boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 59.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,939 shares of the auto parts company’s stock after purchasing an additional 720 shares during the period. Principal Securities Inc.’s holdings in BorgWarner were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its holdings in shares of BorgWarner by 3.3% in the 4th quarter. New York State Teachers Retirement System now owns 211,203 shares of the auto parts company’s stock valued at $6,714,000 after buying an additional 6,814 shares during the period. Asset Management One Co. Ltd. raised its position in BorgWarner by 19.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 5,211 shares of the auto parts company’s stock valued at $168,000 after acquiring an additional 863 shares in the last quarter. Van ECK Associates Corp lifted its holdings in BorgWarner by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 80,058 shares of the auto parts company’s stock valued at $2,545,000 after acquiring an additional 5,126 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in BorgWarner by 3,195.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 586,388 shares of the auto parts company’s stock valued at $18,366,000 after acquiring an additional 568,594 shares during the period. Finally, Edmp Inc. boosted its position in BorgWarner by 1.1% in the 4th quarter. Edmp Inc. now owns 47,405 shares of the auto parts company’s stock worth $1,508,000 after purchasing an additional 518 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

NYSE BWA opened at $29.61 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The stock’s 50 day simple moving average is $31.28 and its 200-day simple moving average is $33.00. The company has a market cap of $6.47 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a 1-year low of $28.65 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BWA has been the subject of several analyst reports. Barclays decreased their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Evercore ISI reduced their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

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.