Daiwa Securities Group Inc. Buys 1,250 Shares of BorgWarner Inc. (NYSE:BWA)

Daiwa Securities Group Inc. grew its holdings in BorgWarner Inc. (NYSE:BWA) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,939 shares of the auto parts company’s stock after acquiring an additional 1,250 shares during the quarter. Daiwa Securities Group Inc.’s holdings in BorgWarner were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. Desjardins Global Asset Management Inc. lifted its stake in BorgWarner by 1.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 46,890 shares of the auto parts company’s stock valued at $1,681,000 after acquiring an additional 498 shares during the period. LifePlan Financial LLC acquired a new position in BorgWarner in the fourth quarter valued at approximately $1,118,000. Capital Analysts LLC lifted its holdings in BorgWarner by 12.7% in the fourth quarter. Capital Analysts LLC now owns 4,512 shares of the auto parts company’s stock valued at $162,000 after acquiring an additional 509 shares during the period. Cullen Investment Group LTD. purchased a new stake in BorgWarner in the 4th quarter worth approximately $338,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of BorgWarner by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after purchasing an additional 59,925 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 in the last three months. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BWA shares. JPMorgan Chase & Co. decreased 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. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Robert W. Baird lowered BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. TheStreet downgraded BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Piper Sandler assumed coverage on shares of BorgWarner in a research note on Friday, March 15th. They issued an “overweight” rating and a $43.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

BorgWarner Trading Down 2.5 %

NYSE BWA opened at $32.83 on Friday. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The stock has a market capitalization of $7.54 billion, a P/E ratio of 12.29, a PEG ratio of 1.00 and a beta of 1.31. The firm’s 50-day moving average is $32.63 and its two-hundred day moving average is $33.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30.

BorgWarner (NYSE:BWA) last posted 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). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. On average, sell-side analysts anticipate that BorgWarner Inc. will post 3.89 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.34%. BorgWarner’s payout ratio is 16.48%.

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.