Howard Capital Management Inc. Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Howard Capital Management Inc. increased its position in BorgWarner Inc. (NYSE:BWA) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,811 shares of the auto parts company’s stock after buying an additional 8,532 shares during the period. Howard Capital Management Inc.’s holdings in BorgWarner were worth $2,696,000 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 lifted its position in shares of BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 394 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of BorgWarner in the third quarter worth about $908,000. Merit Financial Group LLC lifted its position in shares of BorgWarner by 33.2% in the fourth quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after buying an additional 4,537 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of BorgWarner by 236.5% in the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after buying an additional 593,265 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 2.5 %

BWA opened at $29.49 on Friday. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 0.77 and a beta of 1.18. The stock’s 50 day moving average price is $31.48 and its 200-day moving average price is $33.06. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

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

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of research firms recently commented on BWA. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Guggenheim reissued a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Evercore ISI reduced their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group reduced their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $40.57.

Insider Buying and Selling

In related news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by 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.