Swedbank AB Buys 774,438 Shares of BorgWarner Inc. (NYSE:BWA)

Swedbank AB raised its stake in BorgWarner Inc. (NYSE:BWA) by 91.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,618,550 shares of the auto parts company’s stock after acquiring an additional 774,438 shares during the period. Swedbank AB’s holdings in BorgWarner were worth $51,454,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Studio Investment Management LLC increased its holdings in shares of BorgWarner by 12.4% in the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock worth $102,000 after buying an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA increased its holdings in shares of BorgWarner by 0.5% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock worth $2,158,000 after buying an additional 316 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after buying an additional 342 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of BorgWarner by 2.2% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock worth $602,000 after buying an additional 350 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock worth $1,730,000 after buying an additional 381 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Price Performance

Shares of BWA opened at $32.47 on Thursday. The company has a 50 day moving average price of $32.85 and a 200-day moving average price of $33.39. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The stock has a market capitalization of $7.10 billion, a PE ratio of 8.24, a PEG ratio of 0.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. Equities analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. BorgWarner’s payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BWA shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their price target for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

BorgWarner Company Profile

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.