Swedbank AB Acquires 774,438 Shares of BorgWarner Inc. (NYSE:BWA)

Swedbank AB raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 91.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,618,550 shares of the auto parts company’s stock after purchasing an additional 774,438 shares during the period. Swedbank AB owned 0.74% of BorgWarner worth $51,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Studio Investment Management LLC increased its stake in shares of BorgWarner by 12.4% during the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 310 shares in the last quarter. Spectrum Asset Management Inc. NB CA increased its position in shares of BorgWarner by 0.5% during the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after acquiring an additional 316 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of BorgWarner by 2.2% during the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock valued at $602,000 after acquiring an additional 350 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of BorgWarner by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after acquiring an additional 381 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Down 0.3 %

Shares of BorgWarner stock opened at $32.47 on Thursday. The company’s fifty day simple moving average is $32.85 and its 200-day simple moving average is $33.39. The stock has a market capitalization of $7.10 billion, a PE ratio of 8.24, a P/E/G ratio of 0.63 and a beta of 1.20. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company posted $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.23 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company reduced their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price target for the company from $39.00 to $43.00 in a research report on Monday, October 14th. Finally, Barclays reduced their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of BorgWarner stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $34.79, for a total transaction of $747,985.00. Following the transaction, the vice president now owns 227,513 shares in the company, valued at approximately $7,915,177.27. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 222,010 shares of company stock worth $7,678,076. 0.45% of the stock is owned by corporate insiders.

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.