Matrix Trust Co Increases Stake in BorgWarner Inc. (NYSE:BWA)

Matrix Trust Co grew its stake in BorgWarner Inc. (NYSE:BWA) by 773.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,055 shares of the auto parts company’s stock after buying an additional 5,362 shares during the quarter. Matrix Trust Co’s holdings in BorgWarner were worth $192,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in BorgWarner by 1.4% during the third 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 last quarter. Mirabella Financial Services LLP purchased a new stake in BorgWarner during the third quarter worth approximately $908,000. Swedbank AB lifted its stake in BorgWarner by 236.5% during the third 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 during the last quarter. HITE Hedge Asset Management LLC lifted its stake in BorgWarner by 28.4% during the third 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 during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in BorgWarner by 191.2% during the second quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock worth $6,246,000 after purchasing an additional 127,212 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Trading Down 1.7 %

NYSE:BWA opened at $31.01 on Monday. The stock’s 50 day simple moving average is $33.37 and its 200-day simple moving average is $33.37. BorgWarner Inc. has a 12-month low of $29.51 and a 12-month high of $38.22. The firm has a market cap of $6.78 billion, a P/E ratio of 7.87, a PEG ratio of 0.77 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. BorgWarner’s quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts anticipate that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock valued at $7,678,076 over the last quarter. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWA. The Goldman Sachs Group decreased their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Guggenheim reaffirmed a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company cut their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and an average price target of $41.07.

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.