MeadowBrook Investment Advisors LLC Has $297,000 Position in BorgWarner Inc. (NYSE:BWA)

MeadowBrook Investment Advisors LLC lowered its holdings in BorgWarner Inc. (NYSE:BWA) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,350 shares of the auto parts company’s stock after selling 520 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in BorgWarner were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BWA. Pacer Advisors Inc. boosted its stake in BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after purchasing an additional 4,625,685 shares in the last quarter. Swedbank AB boosted its stake in BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after purchasing an additional 774,438 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in BorgWarner by 19.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after purchasing an additional 445,540 shares in the last quarter. Bridgewater Associates LP boosted its stake in BorgWarner by 4,509.5% in the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock worth $13,752,000 after purchasing an additional 370,726 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in BorgWarner by 22.5% in the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock worth $62,427,000 after purchasing an additional 361,112 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the transaction, the vice president now directly owns 227,513 shares of the company’s stock, valued at approximately $7,915,177.27. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 0.4 %

BWA stock opened at $29.46 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The stock has a market capitalization of $6.44 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.63 and a beta of 1.18. The business has a 50-day moving average of $32.23 and a 200-day moving average of $33.25. BorgWarner Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $38.22.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.11 per share. 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 presently 30.77%.

Analyst Ratings Changes

BWA has been the topic of several research reports. Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, November 4th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average price target of $40.20.

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.