Strategic Investment Advisors MI Has $266,000 Stake in BorgWarner Inc. (NYSE:BWA)


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Strategic Investment Advisors MI lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,874 shares of the auto parts company’s stock after buying an additional 1,110 shares during the period. Strategic Investment Advisors MI’s holdings in BorgWarner were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in BorgWarner by 147.9% during the second quarter. FMR LLC now owns 15,661,666 shares of the auto parts company’s stock valued at $552,856,000 after purchasing an additional 9,344,587 shares during the last quarter. AQR Capital Management LLC boosted its position in BorgWarner by 109.7% during the third quarter. AQR Capital Management LLC now owns 1,645,551 shares of the auto parts company’s stock worth $63,156,000 after purchasing an additional 860,962 shares during the period. First Trust Advisors LP boosted its position in BorgWarner by 199.8% during the third quarter. First Trust Advisors LP now owns 1,103,543 shares of the auto parts company’s stock worth $42,751,000 after purchasing an additional 735,407 shares during the period. Morgan Stanley boosted its position in BorgWarner by 108.9% during the third quarter. Morgan Stanley now owns 1,371,485 shares of the auto parts company’s stock worth $53,131,000 after purchasing an additional 714,884 shares during the period. Finally, Victory Capital Management Inc. boosted its position in BorgWarner by 5.8% during the third quarter. Victory Capital Management Inc. now owns 8,570,500 shares of the auto parts company’s stock worth $332,021,000 after purchasing an additional 467,016 shares during the period. 86.28% of the stock is owned by institutional investors.

In other BorgWarner news, VP Stefan Demmerle sold 3,125 shares of BorgWarner stock in a transaction on Monday, December 14th. The shares were sold at an average price of $36.85, for a total value of $115,156.25. Following the completion of the sale, the vice president now directly owns 108,810 shares of the company’s stock, valued at $4,009,648.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.51% of the company’s stock.

Shares of BWA stock opened at $40.15 on Thursday. The business’s 50 day simple moving average is $39.00 and its 200 day simple moving average is $38.73. BorgWarner Inc. has a one year low of $17.00 and a one year high of $43.22. The stock has a market capitalization of $9.82 billion, a PE ratio of 22.94, a PEG ratio of 1.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.35 and a quick ratio of 1.98.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 29th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.38 billion. BorgWarner had a net margin of 4.11% and a return on equity of 11.48%. BorgWarner’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. As a group, research analysts expect that BorgWarner Inc. will post 2.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, November 30th. BorgWarner’s dividend payout ratio (DPR) is currently 16.46%.

A number of equities analysts have commented on BWA shares. Barclays cut shares of BorgWarner from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $45.00 to $42.00 in a research report on Thursday, October 22nd. Wolfe Research cut shares of BorgWarner from an “outperform” rating to a “peer perform” rating in a research report on Thursday, November 12th. KeyCorp reduced their target price on shares of BorgWarner from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BorgWarner from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.40.

About BorgWarner

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company's Engine segment offers turbocharger and turbocharger actuators; eBoosters; and timing systems products, including timing chains, variable cam timing, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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