Truist Financial Corp Purchases 595 Shares of BorgWarner Inc. (NYSE:BWA)

Truist Financial Corp increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,319 shares of the auto parts company’s stock after buying an additional 595 shares during the period. Truist Financial Corp’s holdings in BorgWarner were worth $487,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BWA. Private Advisor Group LLC boosted its holdings in shares of BorgWarner by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after buying an additional 549 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of BorgWarner by 6.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,460 shares of the auto parts company’s stock worth $960,000 after buying an additional 1,525 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of BorgWarner by 19.4% during the 3rd quarter. New York State Common Retirement Fund now owns 492,041 shares of the auto parts company’s stock worth $17,856,000 after buying an additional 80,106 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BorgWarner by 50.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 54,051 shares of the auto parts company’s stock worth $1,962,000 after buying an additional 18,175 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in BorgWarner by 8.6% in the 3rd quarter. Van ECK Associates Corp now owns 74,932 shares of the auto parts company’s stock valued at $2,557,000 after purchasing an additional 5,953 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

NYSE:BWA opened at $28.80 on Tuesday. The company has a 50-day moving average of $31.23 and a 200-day moving average of $33.00. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a 52 week low of $28.54 and a 52 week high of $38.22. 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 released its quarterly 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 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 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insider Activity

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction 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. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Evercore ISI reduced their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $40.53.

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.