Machina Capital S.A.S. Has $731,000 Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Machina Capital S.A.S. grew its position in shares of BorgWarner Inc. (NYSE:BWA) by 88.8% in the 4th quarter, Holdings Channel reports. The firm owned 22,983 shares of the auto parts company’s stock after acquiring an additional 10,810 shares during the quarter. Machina Capital S.A.S.’s holdings in BorgWarner were worth $731,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC bought a new position in BorgWarner during the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BorgWarner during the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. raised its holdings in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Up 1.6 %

Shares of BorgWarner stock opened at $29.85 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.53 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The stock has a fifty day simple moving average of $30.93 and a 200 day simple moving average of $32.88. BorgWarner Inc. has a 12-month low of $27.90 and a 12-month high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday. Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.93.

Insider Buying and Selling at BorgWarner

In related 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 owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

About BorgWarner

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.