BorgWarner Inc. (NYSE:BWA) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of BorgWarner Inc. (NYSE:BWA – Get Rating) by 42.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,375 shares of the auto parts company’s stock after purchasing an additional 5,448 shares during the period. Avantax Advisory Services Inc.’s holdings in BorgWarner were worth $577,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. abrdn plc boosted its position in shares of BorgWarner by 2.7% during the 2nd quarter. abrdn plc now owns 81,537 shares of the auto parts company’s stock worth $2,760,000 after acquiring an additional 2,112 shares in the last quarter. Fifth Third Bancorp increased its stake in BorgWarner by 94.2% in the third quarter. Fifth Third Bancorp now owns 53,564 shares of the auto parts company’s stock valued at $1,682,000 after purchasing an additional 25,989 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in BorgWarner by 42.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 275,799 shares of the auto parts company’s stock worth $9,204,000 after purchasing an additional 81,710 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of BorgWarner by 15.7% during the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,185 shares of the auto parts company’s stock worth $273,000 after buying an additional 1,108 shares during the last quarter. Finally, Infini Capital Management Ltd acquired a new position in shares of BorgWarner in the 2nd quarter valued at $216,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA opened at $44.67 on Tuesday. The stock has a market capitalization of $10.46 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.72. BorgWarner Inc. has a 1 year low of $31.14 and a 1 year high of $45.70. The company’s fifty day moving average is $41.85 and its two-hundred day moving average is $38.41.

BorgWarner (NYSE:BWA – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.22. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.99 billion. BorgWarner had a net margin of 5.33% and a return on equity of 14.51%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. On average, sell-side analysts predict that BorgWarner Inc. will post 4.37 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a $0.17 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. BorgWarner’s dividend payout ratio (DPR) is presently 19.71%.

Insider Buying and Selling

In other BorgWarner news, CAO Tonit M. Calaway sold 6,305 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $40.46, for a total transaction of $255,100.30. Following the sale, the chief accounting officer now directly owns 40,380 shares in the company, valued at approximately $1,633,774.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BWA has been the subject of several research analyst reports. Morgan Stanley upgraded shares of BorgWarner from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Monday, November 28th. BNP Paribas raised BorgWarner from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, December 7th. Wells Fargo & Company lifted their price target on BorgWarner from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 7th. StockNews.com raised BorgWarner from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 19th. Finally, Bank of America lowered shares of BorgWarner from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $78.00 to $50.00 in a research report on Monday, January 9th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

About BorgWarner

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BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.