Focus Partners Advisor Solutions LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 149.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,888 shares of the auto parts company’s stock after buying an additional 20,307 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in BorgWarner were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in BorgWarner by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock worth $1,889,000 after purchasing an additional 4,078 shares during the period. CWM LLC raised its stake in BorgWarner by 218.3% in the third quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock valued at $10,368,000 after buying an additional 161,755 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $1,876,000. Columbia Bank bought a new position in shares of BorgWarner during the 2nd quarter worth approximately $239,000. Finally, Ritholtz Wealth Management acquired a new position in shares of BorgWarner during the 3rd quarter worth approximately $1,016,000. Institutional investors and hedge funds own 95.67% of the company’s stock.
BorgWarner Price Performance
NYSE:BWA opened at $52.73 on Friday. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $70.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07. The firm’s 50-day simple moving average is $51.94 and its 200 day simple moving average is $46.49. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 1.06 and a beta of 1.04.
BorgWarner Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.68 annualized dividend and a yield of 1.3%. BorgWarner’s payout ratio is currently 54.40%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. TD Cowen reaffirmed a “hold” rating on shares of BorgWarner in a report on Thursday, February 12th. Barclays increased their price objective on shares of BorgWarner from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Bank of America assumed coverage on shares of BorgWarner in a report on Wednesday. They set a “neutral” rating for the company. JPMorgan Chase & Co. increased their price target on shares of BorgWarner from $56.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, The Goldman Sachs Group raised their price objective on shares of BorgWarner from $54.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BorgWarner presently has an average rating of “Hold” and an average price target of $59.14.
Check Out Our Latest Stock Analysis on BorgWarner
Insider Activity
In related news, EVP Tonit M. Calaway sold 9,725 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.61, for a total transaction of $608,882.25. Following the completion of the sale, the executive vice president owned 230,526 shares of the company’s stock, valued at $14,433,232.86. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Tania Wingfield sold 17,867 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.43, for a total transaction of $1,133,303.81. Following the sale, the executive vice president owned 45,429 shares in the company, valued at $2,881,561.47. The trade was a 28.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 49,550 shares of company stock worth $3,156,141. 0.45% of the stock is currently owned by company insiders.
BorgWarner Company 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.
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