Caprock Group LLC Acquires Shares of 7,716 BorgWarner Inc. (NYSE:BWA)

Caprock Group LLC purchased a new stake in BorgWarner Inc. (NYSE:BWAFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,716 shares of the auto parts company’s stock, valued at approximately $277,000.

Several other hedge funds have also made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of BorgWarner by 3.7% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,487 shares of the auto parts company’s stock valued at $266,000 after buying an additional 302 shares during the period. First Horizon Advisors Inc. grew its stake in shares of BorgWarner by 7.5% in the 1st quarter. First Horizon Advisors Inc. now owns 4,440 shares of the auto parts company’s stock valued at $218,000 after buying an additional 308 shares during the period. Raymond James Trust N.A. grew its stake in shares of BorgWarner by 3.8% in the 2nd quarter. Raymond James Trust N.A. now owns 8,812 shares of the auto parts company’s stock valued at $431,000 after buying an additional 324 shares during the period. UMB Bank n.a. grew its stake in shares of BorgWarner by 7.1% in the 3rd quarter. UMB Bank n.a. now owns 4,952 shares of the auto parts company’s stock valued at $200,000 after buying an additional 327 shares during the period. Finally, Moors & Cabot Inc. boosted its position in shares of BorgWarner by 5.6% during the 1st quarter. Moors & Cabot Inc. now owns 6,327 shares of the auto parts company’s stock worth $246,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other 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 sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 sale, the vice president now directly owns 252,013 shares in the company, valued at approximately $7,885,486.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the chief executive officer now owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 287,503 shares of company stock worth $9,015,478. 0.63% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

Shares of BWA stock opened at $35.04 on Tuesday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The firm has a 50 day moving average of $32.44 and a two-hundred day moving average of $34.72. The stock has a market capitalization of $8.05 billion, a PE ratio of 13.12, a P/E/G ratio of 0.98 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWAGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. BorgWarner’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, research analysts predict that BorgWarner Inc. will post 3.91 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. BorgWarner’s payout ratio is 16.48%.

Analysts Set New Price Targets

BWA has been the subject of a number of research analyst reports. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 15th. The Goldman Sachs Group lowered their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Piper Sandler initiated coverage on shares of BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.05.

Check Out Our Latest Research Report on BorgWarner

About BorgWarner

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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