Wealth Enhancement Advisory Services LLC grew its stake in BorgWarner Inc. (NYSE:BWA – Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,734 shares of the auto parts company’s stock after purchasing an additional 13,141 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of BorgWarner worth $7,465,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BWA. Root Financial Partners LLC purchased a new stake in BorgWarner during the third quarter worth $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of BorgWarner during the 2nd quarter worth about $32,000. Mather Group LLC. acquired a new stake in shares of BorgWarner during the 3rd quarter valued at about $41,000. Quent Capital LLC purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $55,000. Finally, Hantz Financial Services Inc. raised its holdings in BorgWarner by 32.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 362 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Stock Down 0.9%
NYSE BWA opened at $54.25 on Friday. The business has a fifty day moving average price of $53.86 and a 200 day moving average price of $47.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07. The company has a market cap of $11.18 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.10 and a beta of 1.04. BorgWarner Inc. has a one year low of $24.40 and a one year high of $70.08.
BorgWarner Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.17 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. BorgWarner’s dividend payout ratio is 54.40%.
Insider Transactions at BorgWarner
In other news, VP Isabelle Mckenzie sold 2,458 shares of BorgWarner stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $61.54, for a total transaction of $151,265.32. Following the transaction, the vice president owned 66,351 shares in the company, valued at $4,083,240.54. The trade was a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 12,012 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $52.31, for a total transaction of $628,347.72. Following the completion of the sale, the executive vice president directly owned 38,238 shares of the company’s stock, valued at $2,000,229.78. This represents a 23.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 78,083 shares of company stock valued at $4,638,585. 0.45% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have commented on BWA. The Goldman Sachs Group raised their price objective on BorgWarner from $54.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, February 12th. UBS Group upgraded BorgWarner from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of BorgWarner from $56.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. Finally, New Street Research set a $66.00 price objective on shares of BorgWarner in a research report on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.77.
Get Our Latest Stock Analysis on BorgWarner
About BorgWarner
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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