Jackson Creek Investment Advisors LLC Invests $1.88 Million in BorgWarner Inc. $BWA

Jackson Creek Investment Advisors LLC bought a new position in BorgWarner Inc. (NYSE:BWA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 42,681 shares of the auto parts company’s stock, valued at approximately $1,876,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp grew its holdings in shares of BorgWarner by 5.3% during the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after purchasing an additional 380,942 shares during the last quarter. American Century Companies Inc. boosted its position in BorgWarner by 1.6% during the second quarter. American Century Companies Inc. now owns 3,774,828 shares of the auto parts company’s stock valued at $126,381,000 after buying an additional 58,252 shares during the period. AQR Capital Management LLC boosted its position in BorgWarner by 307.1% during the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock valued at $114,153,000 after buying an additional 2,582,105 shares during the period. Norges Bank bought a new position in shares of BorgWarner during the second quarter valued at about $110,234,000. Finally, Sei Investments Co. lifted its stake in shares of BorgWarner by 1.8% in the 2nd quarter. Sei Investments Co. now owns 2,515,692 shares of the auto parts company’s stock valued at $84,225,000 after acquiring an additional 44,615 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the transaction, the vice president owned 204,040 shares in the company, valued at approximately $9,385,840. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on BWA. Robert W. Baird set a $55.00 price target on BorgWarner in a research report on Wednesday, January 14th. Evercore ISI raised their target price on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Barclays upped their price target on shares of BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, January 21st. Finally, Piper Sandler restated a “neutral” rating and issued a $51.00 price objective (down previously from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.31.

BorgWarner Stock Up 1.5%

Shares of NYSE BWA opened at $48.11 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $49.21. The firm has a market capitalization of $10.29 billion, a PE ratio of 76.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The firm has a fifty day simple moving average of $45.81 and a two-hundred day simple moving average of $43.41.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.17 per share. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. BorgWarner’s payout ratio is currently 107.94%.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.