TFO Wealth Partners LLC Buys 6,945 Shares of BorgWarner Inc. (NYSE:BWA)

TFO Wealth Partners LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWAFree Report) by 63,136.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,956 shares of the auto parts company’s stock after acquiring an additional 6,945 shares during the quarter. TFO Wealth Partners LLC’s holdings in BorgWarner were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Treasurer of the State of North Carolina grew its stake in shares of BorgWarner by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 173,331 shares of the auto parts company’s stock valued at $6,214,000 after acquiring an additional 1,321 shares during the period. CORDA Investment Management LLC. boosted its stake in BorgWarner by 0.3% in the 4th quarter. CORDA Investment Management LLC. now owns 270,858 shares of the auto parts company’s stock worth $9,710,000 after purchasing an additional 818 shares during the period. Hsbc Holdings PLC boosted its stake in BorgWarner by 50.3% in the 4th quarter. Hsbc Holdings PLC now owns 683,243 shares of the auto parts company’s stock worth $24,495,000 after purchasing an additional 228,561 shares during the period. Intech Investment Management LLC boosted its stake in BorgWarner by 3.6% in the 4th quarter. Intech Investment Management LLC now owns 289,760 shares of the auto parts company’s stock worth $10,388,000 after purchasing an additional 10,001 shares during the period. Finally, Oxford Asset Management LLP bought a new position in BorgWarner in the 4th quarter worth approximately $498,000. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Up 1.2 %

Shares of BWA opened at $35.66 on Monday. The company has a market cap of $8.12 billion, a PE ratio of 13.51, a P/E/G ratio of 0.86 and a beta of 1.28. The business has a fifty day moving average of $34.99 and a 200 day moving average of $33.87. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $50.04. The company has a quick ratio of 1.20, a current ratio of 1.54 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWAGet Free Report) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that BorgWarner Inc. will post 4.07 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. BorgWarner’s dividend payout ratio is currently 16.67%.

BorgWarner declared that its board has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on BWA shares. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Oppenheimer upped their price target on BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. TD Cowen upped their price target on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. Finally, Wells Fargo & Company upped their price objective on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $43.76.

Read Our Latest Stock Report on BorgWarner

Insider Activity

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BorgWarner news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the transaction, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares in the company, valued at approximately $7,885,486.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,000 shares of company stock worth $849,870. Company insiders own 0.63% of the company’s stock.

BorgWarner Profile

(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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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