Covestor Ltd Takes Position in BorgWarner Inc. (NYSE:BWA)

Covestor Ltd acquired a new stake in shares of BorgWarner Inc. (NYSE:BWAGet Rating) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,436 shares of the auto parts company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWA. CWM LLC bought a new position in shares of BorgWarner in the fourth quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in BorgWarner during the third quarter valued at $31,000. IndexIQ Advisors LLC purchased a new stake in BorgWarner during the fourth quarter valued at $34,000. MV Capital Management Inc. raised its stake in BorgWarner by 1,962.0% during the third quarter. MV Capital Management Inc. now owns 1,031 shares of the auto parts company’s stock valued at $45,000 after purchasing an additional 981 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its stake in BorgWarner by 104.1% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,233 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 90.96% of the company’s stock.

In related news, CAO Tonit M. Calaway sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $38.75, for a total transaction of $155,000.00. Following the sale, the chief accounting officer now directly owns 57,923 shares in the company, valued at $2,244,516.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Felecia J. Pryor sold 6,590 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $38.01, for a total value of $250,485.90. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

BorgWarner stock opened at $38.35 on Thursday. The company’s fifty day moving average price is $37.75 and its 200 day moving average price is $42.29. BorgWarner Inc. has a 1 year low of $34.85 and a 1 year high of $55.55. The stock has a market capitalization of $9.19 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.29 and a current ratio of 1.72.

BorgWarner (NYSE:BWAGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.25. BorgWarner had a net margin of 4.57% and a return on equity of 13.34%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the company earned $1.21 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts predict that BorgWarner Inc. will post 4.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.68 annualized dividend and a yield of 1.77%. BorgWarner’s dividend payout ratio (DPR) is presently 24.20%.

BWA has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of BorgWarner from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Monday, February 28th. Citigroup reduced their price target on shares of BorgWarner from $52.00 to $43.00 in a research note on Tuesday, April 5th. Barclays reduced their price target on shares of BorgWarner from $49.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BorgWarner from $53.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, April 21st. Finally, Exane BNP Paribas started coverage on shares of BorgWarner in a report on Monday, April 11th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.70.

BorgWarner Company Profile (Get Rating)

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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