Aristides Capital LLC Takes Position in BorgWarner Inc. (NYSE:BWA)

Aristides Capital LLC bought a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, HoldingsChannel reports. The fund bought 9,348 shares of the auto parts company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after purchasing an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after purchasing an additional 393 shares during the period. Wellington Management Group LLP raised its position in BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after buying an additional 450 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Price Performance

BWA opened at $25.92 on Monday. The firm has a market cap of $5.69 billion, a PE ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.12. The stock has a 50-day moving average price of $29.63 and a 200-day moving average price of $32.27. BorgWarner Inc. has a 1 year low of $24.60 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.70%. BorgWarner’s dividend payout ratio is 30.77%.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. TD Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $39.06.

About BorgWarner

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.