1,361 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Family Firm Inc.

Family Firm Inc. acquired a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,361 shares of the auto parts company’s stock, valued at approximately $44,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in BorgWarner in the 4th quarter worth about $75,489,000. Victory Capital Management Inc. boosted its holdings in BorgWarner by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after purchasing an additional 948,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in BorgWarner by 43.5% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,213,630 shares of the auto parts company’s stock worth $79,359,000 after purchasing an additional 670,720 shares during the period. Swedbank AB purchased a new stake in BorgWarner during the 1st quarter valued at $14,022,000. Finally, Vanguard Group Inc. lifted its holdings in shares of BorgWarner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,147,545 shares of the auto parts company’s stock valued at $973,239,000 after buying an additional 331,401 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BWA. Robert W. Baird increased their target price on BorgWarner from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Oppenheimer raised their target price on shares of BorgWarner from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup cut their price target on BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, UBS Group boosted their price objective on BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Activity

In other news, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of BorgWarner stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now owns 206,083 shares of the company’s stock, valued at $6,541,074.42. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Trading Up 3.3 %

Shares of NYSE:BWA traded up $1.10 during trading on Friday, hitting $33.99. The company had a trading volume of 1,822,167 shares, compared to its average volume of 2,828,906. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.20. The company has a fifty day simple moving average of $32.64 and a two-hundred day simple moving average of $33.34. BorgWarner Inc. has a one year low of $29.51 and a one year high of $42.27.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.18. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. As a group, equities analysts forecast that BorgWarner Inc. will post 4.06 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.29%. BorgWarner’s payout ratio is 16.67%.

BorgWarner declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.