Platinum Investment Management Ltd. Invests $87,000 in BorgWarner Inc. (NYSE:BWA)

Platinum Investment Management Ltd. bought a new stake in BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,750 shares of the auto parts company’s stock, valued at approximately $87,000.

A number of other large investors have also modified their holdings of the stock. Truist Financial Corp lifted its holdings in shares of 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 during the last quarter. State of Alaska Department of Revenue boosted its holdings in BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of BorgWarner during the fourth quarter valued at $1,197,000. Wellington Management Group LLP lifted its holdings in shares of BorgWarner by 1.4% during the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares during the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in BorgWarner in the 3rd quarter worth about $908,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Insiders own 0.45% of the company’s stock.

BorgWarner Trading Up 1.6 %

Shares of BWA stock opened at $28.82 on Wednesday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The company’s fifty day simple moving average is $30.50 and its two-hundred day simple moving average is $32.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS 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, analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

BWA has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $39.27.

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.