BorgWarner Inc. (NYSE:BWA) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in BorgWarner Inc. (NYSE:BWAFree Report) by 132.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,192 shares of the auto parts company’s stock after buying an additional 25,154 shares during the quarter. Tower Research Capital LLC TRC’s holdings in BorgWarner were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BWA. Blueshift Asset Management LLC acquired a new position in shares of BorgWarner in the 4th quarter worth $326,000. Royal London Asset Management Ltd. increased its stake in BorgWarner by 6.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,872 shares of the auto parts company’s stock worth $3,294,000 after purchasing an additional 5,502 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in BorgWarner during the 4th quarter worth about $406,000. KBC Group NV lifted its stake in BorgWarner by 22.9% during the fourth quarter. KBC Group NV now owns 448,919 shares of the auto parts company’s stock valued at $16,094,000 after buying an additional 83,511 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of BorgWarner in the fourth quarter worth about $4,328,000. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at $8,217,429. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

BWA has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of BorgWarner from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. BNP Paribas cut BorgWarner from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Oppenheimer upped their price target on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Citigroup increased their price objective on BorgWarner from $33.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Finally, Robert W. Baird lifted their target price on BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.76.

Check Out Our Latest Stock Report on BorgWarner

BorgWarner Price Performance

NYSE BWA opened at $34.32 on Tuesday. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The stock’s 50-day moving average is $35.06 and its two-hundred day moving average is $33.90. The firm has a market cap of $7.82 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20.

BorgWarner (NYSE:BWAGet Free Report) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts anticipate that BorgWarner Inc. will post 4.07 earnings per share for the current fiscal year.

BorgWarner announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.28%. BorgWarner’s payout ratio is presently 16.67%.

BorgWarner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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