Dynamic Technology Lab Private Ltd Purchases Shares of 41,096 BorgWarner Inc. (NYSE:BWA)

Dynamic Technology Lab Private Ltd acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 41,096 shares of the auto parts company’s stock, valued at approximately $1,306,000.

Several other hedge funds have also modified their holdings of BWA. Avior Wealth Management LLC boosted 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 valued at $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after acquiring an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after acquiring an additional 393 shares during the last quarter. Wellington Management Group LLP grew its position 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 valued at $1,003,000 after acquiring an additional 394 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in BorgWarner by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after acquiring an additional 450 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Down 4.7 %

Shares of NYSE:BWA opened at $25.92 on Friday. The firm has a market cap of $5.69 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. The company has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $32.27. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $24.66 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.70%. BorgWarner’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BWA shares. Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

Insider Activity

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is currently owned by insiders.

BorgWarner 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.