Capital Analysts LLC Buys 509 Shares of BorgWarner Inc. (NYSE:BWA)

Capital Analysts LLC grew its stake in BorgWarner Inc. (NYSE:BWA) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,512 shares of the auto parts company’s stock after purchasing an additional 509 shares during the quarter. Capital Analysts LLC’s holdings in BorgWarner were worth $162,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BWA. Cullen Investment Group LTD. bought a new position in shares of BorgWarner in the 4th quarter worth about $338,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of BorgWarner by 9.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after acquiring an additional 59,925 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of BorgWarner in the 4th quarter worth about $509,000. Sprucegrove Investment Management Ltd. increased its stake in shares of BorgWarner by 5.5% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 385,827 shares of the auto parts company’s stock worth $13,832,000 after acquiring an additional 20,200 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of BorgWarner by 3.3% in the 4th quarter. Cerity Partners LLC now owns 315,310 shares of the auto parts company’s stock worth $11,303,000 after acquiring an additional 10,040 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the transaction, the vice president now directly owns 252,013 shares of the company’s stock, valued at $7,885,486.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 over the last quarter. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $32.11 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 0.97 and a beta of 1.31. The company’s 50 day moving average is $32.50 and its two-hundred day moving average is $34.20. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, research analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

Wall Street Analyst Weigh In

BWA has been the topic of several recent analyst reports. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. Barclays increased their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company dropped their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, Piper Sandler started coverage on shares of BorgWarner in a report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

BorgWarner 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.