BorgWarner Inc. (NYSE:BWA) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 97.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,757 shares of the auto parts company’s stock after acquiring an additional 866 shares during the quarter. UMB Bank n.a.’s holdings in BorgWarner were worth $50,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of BorgWarner in the 4th quarter worth about $62,180,000. Bank of America Corp DE increased its holdings in shares of BorgWarner by 91.9% during the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company’s stock worth $123,311,000 after buying an additional 1,857,907 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of BorgWarner by 8,137.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company’s stock worth $41,297,000 after purchasing an additional 1,283,287 shares during the period. LSV Asset Management lifted its position in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company’s stock valued at $136,956,000 after buying an additional 792,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company’s stock valued at $358,720,000 after acquiring an additional 753,344 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Trading Down 0.9%

Shares of NYSE BWA opened at $33.09 on Friday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $37.29. The business has a fifty day simple moving average of $30.37 and a 200-day simple moving average of $30.72. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 0.77 and a beta of 1.10. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. BorgWarner’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s payout ratio is currently 35.20%.

Insider Buying and Selling

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the transaction, the executive vice president now directly owns 214,521 shares of the company’s stock, valued at approximately $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the vice president now directly owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BWA. UBS Group upped their price target on BorgWarner from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Guggenheim lowered their price objective on BorgWarner from $38.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Finally, Wall Street Zen raised BorgWarner from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.73.

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.