Fort Washington Investment Advisors Inc. OH Grows Holdings in BorgWarner Inc. (NYSE:BWA)

Fort Washington Investment Advisors Inc. OH grew its stake in BorgWarner Inc. (NYSE:BWA) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,686 shares of the auto parts company’s stock after buying an additional 1,075 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BorgWarner were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. Envestnet Asset Management Inc. grew its stake in BorgWarner by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 194,802 shares of the auto parts company’s stock worth $6,280,000 after buying an additional 3,727 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in BorgWarner in the 2nd quarter worth approximately $1,248,000. Bank of Montreal Can grew its stake in BorgWarner by 4.5% in the 2nd quarter. Bank of Montreal Can now owns 301,623 shares of the auto parts company’s stock worth $9,724,000 after buying an additional 12,873 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of BorgWarner in the 2nd quarter worth approximately $295,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of BorgWarner in the 2nd quarter worth approximately $511,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the sale, the vice president now directly owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This represents a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BWA. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays lowered their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

BorgWarner Stock Up 1.3 %

NYSE:BWA opened at $32.22 on Friday. The firm’s 50-day moving average price is $32.94 and its 200-day moving average price is $33.37. The company has a market capitalization of $7.05 billion, a PE ratio of 8.18, a P/E/G ratio of 0.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22.

BorgWarner (NYSE:BWA) last released 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. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities analysts predict that BorgWarner Inc. will post 4.22 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

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.