Invesco Ltd. Boosts Position in BorgWarner Inc. (NYSE:BWA)

Invesco Ltd. lifted its position in BorgWarner Inc. (NYSE:BWA) by 10.2% in the fourth quarter, HoldingsChannel reports. The firm owned 6,795,020 shares of the auto parts company’s stock after buying an additional 628,930 shares during the period. Invesco Ltd.’s holdings in BorgWarner were worth $216,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner during the fourth quarter worth $45,000. Avior Wealth Management LLC raised 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 valued at $46,000 after buying an additional 342 shares during the period. Generali Asset Management SPA SGR acquired a new position in BorgWarner in the fourth quarter valued at about $59,000. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner in the third quarter valued at about $62,000. Finally, Principal Securities Inc. boosted its stake in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after buying an additional 720 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Piper Sandler cut their target price on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Morgan Stanley decreased their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $38.56.

BorgWarner Trading Up 2.1 %

Shares of BorgWarner stock opened at $26.22 on Friday. The company’s fifty day moving average is $28.75 and its two-hundred day moving average is $31.89. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. 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 $5.76 billion, a P/E ratio of 18.33, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. Analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. BorgWarner’s dividend payout ratio is currently 30.77%.

Insider Activity at BorgWarner

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

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.