Blue Trust Inc. Purchases 609 Shares of BorgWarner Inc. (NYSE:BWA)

Blue Trust Inc. grew its stake in BorgWarner Inc. (NYSE:BWA) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,535 shares of the auto parts company’s stock after purchasing an additional 609 shares during the quarter. Blue Trust Inc.’s holdings in BorgWarner were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in BorgWarner by 1.4% in 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 in the last quarter. Mirabella Financial Services LLP bought a new position in BorgWarner in the 3rd quarter worth $908,000. Merit Financial Group LLC raised its holdings in BorgWarner by 33.2% in the 4th quarter. Merit Financial Group LLC now owns 18,198 shares of the auto parts company’s stock worth $579,000 after purchasing an additional 4,537 shares in the last quarter. Swedbank AB raised its holdings in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock worth $30,633,000 after purchasing an additional 593,265 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock worth $10,536,000 after purchasing an additional 64,126 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Transactions at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. This represents a 37.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 in the last quarter. Company insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BWA shares. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Guggenheim reiterated a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Wells Fargo & Company decreased their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Barclays decreased their price target on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $40.40.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $31.90 on Friday. The firm’s 50-day moving average price is $32.79 and its 200-day moving average price is $33.37. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.98 billion, a PE ratio of 8.10, a PEG ratio of 0.67 and a beta of 1.20. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

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.