BorgWarner Inc. (NYSE:BWA) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC grew its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,481 shares of the auto parts company’s stock after purchasing an additional 18,847 shares during the period. Ieq Capital LLC’s holdings in BorgWarner were worth $1,796,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in BorgWarner by 19.5% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,058 shares of the auto parts company’s stock valued at $256,000 after buying an additional 1,314 shares during the last quarter. GAM Holding AG acquired a new position in shares of BorgWarner during the fourth quarter valued at about $1,186,000. Venturi Wealth Management LLC raised its position in shares of BorgWarner by 676.0% in the 4th quarter. Venturi Wealth Management LLC now owns 5,215 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 4,543 shares during the last quarter. Truist Financial Corp boosted its stake in BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after purchasing an additional 595 shares in the last quarter. Finally, Principal Securities Inc. grew its position in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Evercore ISI reduced their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Guggenheim reissued a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Finally, Barclays decreased their price objective 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. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.57.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction 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 directly owns 206,969 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated 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 owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

BorgWarner Stock Performance

NYSE BWA opened at $29.49 on Monday. The firm has a market cap of $6.45 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a 52-week low of $28.65 and a 52-week high of $38.22. The business’s 50-day moving average price is $31.48 and its 200 day moving average price is $33.07. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

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

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.