Venturi Wealth Management LLC Has $166,000 Holdings in BorgWarner Inc. (NYSE:BWA)

Venturi Wealth Management LLC boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 676.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,215 shares of the auto parts company’s stock after purchasing an additional 4,543 shares during the quarter. Venturi Wealth Management LLC’s holdings in BorgWarner were worth $166,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of BorgWarner by 96.3% in the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock valued at $1,650,000 after buying an additional 25,475 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after buying an additional 394 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of BorgWarner in the 3rd quarter valued at $908,000. Merit Financial Group LLC raised its stake in shares of BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock valued at $579,000 after buying an additional 4,537 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after buying an additional 593,265 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $29.49 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market capitalization of $6.45 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The company’s 50 day moving average price is $31.48 and its two-hundred day moving average price is $33.05. BorgWarner Inc. has a 52 week low of $28.65 and a 52 week high of $38.22.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BWA. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. The Goldman Sachs Group dropped their target price 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. Finally, Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.

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.