Jefferies Financial Group Inc. increased its holdings in BorgWarner Inc. (NYSE:BWA – Free Report) by 65.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,172 shares of the auto parts company’s stock after acquiring an additional 13,072 shares during the quarter. Jefferies Financial Group Inc.’s holdings in BorgWarner were worth $1,495,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of BorgWarner in the third quarter worth $27,000. Sound Income Strategies LLC increased its stake in shares of BorgWarner by 9,888.9% in the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the last quarter. Torren Management LLC bought a new stake in shares of BorgWarner in the fourth quarter worth $48,000. Olistico Wealth LLC bought a new stake in shares of BorgWarner in the fourth quarter worth $50,000. Finally, Hantz Financial Services Inc. increased its stake in shares of BorgWarner by 32.7% in the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock worth $65,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.
BorgWarner Price Performance
BWA opened at $70.81 on Thursday. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. BorgWarner Inc. has a fifty-two week low of $31.83 and a fifty-two week high of $71.57. The company’s 50-day moving average price is $57.38 and its 200 day moving average price is $51.92. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, June 1st. BorgWarner’s dividend payout ratio is presently 40.24%.
Wall Street Analysts Forecast Growth
BWA has been the subject of a number of research reports. Evercore reiterated an “outperform” rating and issued a $75.00 price target on shares of BorgWarner in a research note on Tuesday, February 17th. Wall Street Zen downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen lifted their price target on BorgWarner from $66.00 to $67.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research note on Monday, April 20th. Finally, UBS Group raised their price objective on BorgWarner from $56.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and an average price target of $68.14.
View Our Latest Report on BorgWarner
Insider Activity
In other BorgWarner news, EVP Tania Wingfield sold 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $63.24, for a total transaction of $316,200.00. Following the completion of the transaction, the executive vice president directly owned 35,365 shares of the company’s stock, valued at $2,236,482.60. The trade was a 12.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tonit M. Calaway sold 14,021 shares of BorgWarner stock in a transaction on Monday, March 9th. The shares were sold at an average price of $51.46, for a total value of $721,520.66. Following the sale, the executive vice president directly owned 204,913 shares in the company, valued at $10,544,822.98. The trade was a 6.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 96,033 shares of company stock worth $5,792,558 over the last 90 days. Insiders own 0.76% of the company’s stock.
BorgWarner Profile
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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