Mutual Advisors LLC Buys New Shares in BorgWarner Inc. $BWA

Mutual Advisors LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,597 shares of the auto parts company’s stock, valued at approximately $900,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares during the period. American Century Companies Inc. raised its stake in BorgWarner by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 3,774,828 shares of the auto parts company’s stock worth $126,381,000 after buying an additional 58,252 shares during the period. AQR Capital Management LLC boosted its holdings in BorgWarner by 307.1% in the second quarter. AQR Capital Management LLC now owns 3,422,874 shares of the auto parts company’s stock worth $114,153,000 after acquiring an additional 2,582,105 shares in the last quarter. Norges Bank acquired a new stake in BorgWarner in the second quarter valued at approximately $110,234,000. Finally, Sei Investments Co. raised its position in shares of BorgWarner by 1.8% during the second quarter. Sei Investments Co. now owns 2,515,692 shares of the auto parts company’s stock worth $84,225,000 after purchasing an additional 44,615 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 price target (up previously from $42.00) on shares of BorgWarner in a research report on Monday, December 8th. Robert W. Baird set a $55.00 price objective on shares of BorgWarner in a report on Wednesday, January 14th. Wells Fargo & Company decreased their target price on shares of BorgWarner from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.31.

BorgWarner Trading Up 4.0%

Shares of BWA stock opened at $50.53 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 80.21, a PEG ratio of 0.98 and a beta of 1.09. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $50.75. The company has a 50-day simple moving average of $46.06 and a two-hundred day simple moving average of $43.56.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the vice president owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. The trade was a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.45% of the company’s stock.

BorgWarner Company 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.