Principle Wealth Partners LLC Acquires Shares of 6,300 BorgWarner Inc. (NYSE:BWA)

Principle Wealth Partners LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,300 shares of the auto parts company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. Pacer Advisors Inc. raised its holdings in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares during the period. Swedbank AB raised its holdings in shares of BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after buying an additional 774,438 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares during the period. Bridgewater Associates LP raised its holdings in shares of BorgWarner by 4,509.5% in the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after buying an additional 370,726 shares during the period. Finally, Ninety One UK Ltd raised its holdings in shares of BorgWarner by 22.5% in the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock worth $62,427,000 after buying an additional 361,112 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.4 %

Shares of NYSE BWA opened at $29.46 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.44 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The stock’s fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $33.25. BorgWarner Inc. has a 12-month low of $29.23 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last announced 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%. As a group, analysts expect that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. BorgWarner’s dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore ISI reduced their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com downgraded BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Barclays dropped their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

BorgWarner Company 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.