International Assets Investment Management LLC Increases Stake in BorgWarner Inc. (NYSE:BWA)

International Assets Investment Management LLC increased its holdings in BorgWarner Inc. (NYSE:BWA) by 211.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,051 shares of the auto parts company’s stock after acquiring an additional 47,581 shares during the quarter. International Assets Investment Management LLC’s holdings in BorgWarner were worth $25,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWA. Headlands Technologies LLC purchased a new stake in shares of BorgWarner in the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC purchased a new position in BorgWarner in the fourth quarter valued at about $32,000. Bruce G. Allen Investments LLC purchased a new position in BorgWarner in the fourth quarter valued at about $33,000. Trust Co. of Vermont raised its holdings in BorgWarner by 49,000.0% in the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 980 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of BorgWarner during the third quarter valued at about $51,000. 95.67% of the stock is currently owned by institutional investors.

Insider Activity at BorgWarner

In other BorgWarner news, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the completion of the transaction, the vice president now directly owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederic Lissalde sold 225,900 shares of BorgWarner stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the sale, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by company insiders.

BorgWarner Price Performance

Shares of BWA opened at $36.44 on Friday. The business’s 50-day moving average is $33.10 and its two-hundred day moving average is $33.76. The company has a market capitalization of $8.37 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.98 and a beta of 1.30. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two 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.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company earned $1.09 earnings per share. BorgWarner’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts predict that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, June 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BWA. BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Oppenheimer increased their price objective on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company raised their price objective on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Robert W. Baird raised their price target on BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.93.

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.