Flputnam Investment Management Co. Has $2.08 Million Position in BorgWarner Inc. (NYSE:BWA)

Flputnam Investment Management Co. lessened its stake in shares of BorgWarner Inc. (NYSE:BWA) by 19.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,451 shares of the auto parts company’s stock after selling 15,366 shares during the period. Flputnam Investment Management Co.’s holdings in BorgWarner were worth $2,081,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. increased its stake in BorgWarner by 1.8% during the 4th quarter. QRG Capital Management Inc. now owns 66,184 shares of the auto parts company’s stock valued at $2,104,000 after purchasing an additional 1,175 shares in the last quarter. Versor Investments LP bought a new stake in BorgWarner during the 4th quarter valued at $292,000. Proficio Capital Partners LLC bought a new stake in BorgWarner during the 4th quarter valued at $1,197,000. New York Life Investment Management LLC increased its stake in BorgWarner by 80.6% during the 4th quarter. New York Life Investment Management LLC now owns 53,522 shares of the auto parts company’s stock valued at $1,701,000 after purchasing an additional 23,879 shares in the last quarter. Finally, MMCAP International Inc. SPC increased its stake in BorgWarner by 11.8% during the 4th quarter. MMCAP International Inc. SPC now owns 269,758 shares of the auto parts company’s stock valued at $8,576,000 after purchasing an additional 28,500 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BWA. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.57.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE:BWA opened at $29.80 on Monday. The company’s 50-day moving average is $31.23 and its 200 day moving average is $33.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market capitalization of $6.52 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a fifty-two week low of $28.65 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.