Cerity Partners LLC Increases Stock Position in BorgWarner Inc. (NYSE:BWA)

Cerity Partners LLC raised its holdings in BorgWarner Inc. (NYSE:BWA) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,310 shares of the auto parts company’s stock after purchasing an additional 10,040 shares during the quarter. Cerity Partners LLC’s holdings in BorgWarner were worth $11,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Investments LLC boosted its holdings in BorgWarner by 28.7% in the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after purchasing an additional 43,955 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in BorgWarner in the 3rd quarter valued at approximately $833,000. O Shaughnessy Asset Management LLC lifted its position in shares of BorgWarner by 24.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after acquiring an additional 35,986 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $69,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of BorgWarner during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BWA shares. Wells Fargo & Company reduced their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Barclays lifted their price objective on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Piper Sandler began coverage on BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Stock Down 2.9 %

Shares of BorgWarner stock opened at $33.50 on Monday. The company has a fifty day moving average price of $32.56 and a 200 day moving average price of $34.34. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results 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 return on equity of 14.69% and a net margin of 3.94%. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the company posted $1.26 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.31%. BorgWarner’s dividend payout ratio is currently 16.48%.

Insiders Place Their Bets

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock worth $9,015,478 in the last quarter. 0.45% of the stock is owned by corporate insiders.

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.