BorgWarner Inc. (NYSE:BWA) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in shares of BorgWarner Inc. (NYSE:BWA) by 126.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,377 shares of the auto parts company’s stock after buying an additional 1,326 shares during the quarter. TD Private Client Wealth LLC’s holdings in BorgWarner were worth $76,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp boosted its holdings in BorgWarner by 4.0% in the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock valued at $487,000 after acquiring an additional 595 shares during the last quarter. State of Alaska Department of Revenue raised its holdings 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 worth $1,650,000 after purchasing an additional 25,475 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of BorgWarner in the 4th quarter valued at about $1,197,000. Wellington Management Group LLP grew its holdings in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares during the period. Finally, Mirabella Financial Services LLP acquired a new stake in BorgWarner during the 3rd quarter worth approximately $908,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. TD Cowen downgraded BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a report on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.06.

BorgWarner Price Performance

Shares of BWA stock opened at $29.56 on Wednesday. The firm has a fifty day moving average of $30.27 and a two-hundred day moving average of $32.49. The firm has a market cap of $6.49 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1-year low of $27.65 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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%. As a group, research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, 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 value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 over the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner 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.