Blueshift Asset Management LLC Purchases New Position in BorgWarner Inc. (NYSE:BWA)

Blueshift Asset Management LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,914 shares of the auto parts company’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock valued at $487,000 after purchasing an additional 595 shares in the last quarter. State of Alaska Department of Revenue increased 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 purchasing an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of BorgWarner in the 4th quarter valued at about $1,197,000. Wellington Management Group LLP increased 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 purchasing an additional 394 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $908,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the business’s 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 sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value 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 approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Down 0.2 %

BWA stock opened at $28.97 on Friday. The firm has a market cap of $6.33 billion, a PE ratio of 20.26, a PEG ratio of 0.77 and a beta of 1.21. 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 firm’s 50 day moving average price is $30.40 and its 200-day moving average price is $32.58. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Analyst Ratings Changes

Several research firms recently issued reports on BWA. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Guggenheim set a $38.00 price objective on BorgWarner in a report on Wednesday, March 5th. Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.06.

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.