Fort Washington Investment Advisors Inc. OH Has $279,000 Stake in BorgWarner Inc. (NYSE:BWA)

Fort Washington Investment Advisors Inc. OH increased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,782 shares of the auto parts company’s stock after acquiring an additional 1,362 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BorgWarner were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWA. Headlands Technologies LLC acquired a new stake in shares of BorgWarner during the third quarter worth $28,000. Sound Income Strategies LLC bought a new stake in BorgWarner during the 4th quarter worth about $32,000. Bruce G. Allen Investments LLC bought a new stake in BorgWarner during the 4th quarter worth about $33,000. Trust Co. of Vermont lifted its position in BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after buying an additional 980 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in BorgWarner by 72.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 816 shares of the auto parts company’s stock worth $40,000 after buying an additional 342 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BWA shares. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Barclays cut their price target on shares of BorgWarner from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th. Wells Fargo & Company cut their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group dropped their target price on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.05.

BorgWarner Trading Up 3.1 %

BWA stock opened at $34.70 on Thursday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The company’s 50-day simple moving average is $32.32 and its 200 day simple moving average is $34.88. The company has a market capitalization of $7.97 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 3.91 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.27%. BorgWarner’s dividend payout ratio is presently 16.48%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now directly owns 455,227 shares of the company’s stock, valued at $14,148,455.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock valued at $9,015,478 in the last three months. Corporate insiders own 0.45% of the company’s stock.

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.