7,539 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,539 shares of the auto parts company’s stock, valued at approximately $240,000.

Several other hedge funds have also recently added to or reduced their stakes in BWA. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner during the fourth quarter worth $45,000. Avior Wealth Management LLC grew its holdings in BorgWarner by 31.3% during 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 period. Generali Asset Management SPA SGR bought a new position in shares of BorgWarner in the 4th quarter worth about $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner in the 3rd quarter valued at about $62,000. Finally, Principal Securities Inc. boosted its position in shares of BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

BorgWarner Stock Up 2.4 %

BorgWarner stock opened at $26.90 on Wednesday. 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 stock has a market cap of $5.91 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The firm’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $31.44.

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

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Analyst Ratings Changes

Several equities analysts have issued reports on BWA shares. The Goldman Sachs Group raised BorgWarner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $34.00 in a research note on Thursday, April 10th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Robert W. Baird reduced their price target on shares of BorgWarner from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. Finally, UBS Group restated a “neutral” rating and issued a $31.00 target price (down from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.19.

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.