Van ECK Associates Corp Buys 20,361 Shares of BorgWarner Inc. (NYSE:BWA)

Van ECK Associates Corp grew its stake in shares of BorgWarner Inc. (NYSE:BWA) by 32.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,395 shares of the auto parts company’s stock after acquiring an additional 20,361 shares during the period. Van ECK Associates Corp’s holdings in BorgWarner were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of BorgWarner during the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC purchased a new stake in shares of BorgWarner during the 4th quarter valued at approximately $32,000. Bruce G. Allen Investments LLC purchased a new stake in shares of BorgWarner during the 4th quarter valued at approximately $33,000. Trust Co. of Vermont lifted its stake in shares of BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock valued at $40,000 after buying an additional 980 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of BorgWarner during the 3rd quarter valued at approximately $51,000. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The shares were 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 filing with the SEC, which is available through the SEC website. In other BorgWarner news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were 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 $14,148,455.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were 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 a total of 287,503 shares of company stock worth $9,015,478 in the last 90 days. 0.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. TD Cowen upped their price target on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. TheStreet cut shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Oppenheimer upped their price target on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.76.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $36.94 on Tuesday. The company’s fifty day moving average price is $33.23 and its 200-day moving average price is $33.68. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.08 and a beta of 1.30. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.16. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, equities research analysts anticipate that BorgWarner Inc. will post 3.94 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner’s payout ratio is presently 16.67%.

BorgWarner 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.