Drum Hill Capital LLC Makes New $3.94 Million Investment in BorgWarner Inc. (NYSE:BWA)

Drum Hill Capital LLC bought a new stake in BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 123,822 shares of the auto parts company’s stock, valued at approximately $3,936,000. BorgWarner makes up 4.9% of Drum Hill Capital LLC’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors have also modified their holdings of the company. Blackston Financial Advisory Group LLC increased its holdings in shares of BorgWarner by 8.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 490 shares during the last quarter. Ieq Capital LLC increased its stake in BorgWarner by 50.1% during the fourth quarter. Ieq Capital LLC now owns 56,481 shares of the auto parts company’s stock valued at $1,796,000 after purchasing an additional 18,847 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of BorgWarner by 19.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,058 shares of the auto parts company’s stock worth $256,000 after purchasing an additional 1,314 shares during the period. GAM Holding AG bought a new position in shares of BorgWarner in the 4th quarter worth about $1,186,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of BorgWarner by 676.0% in the 4th quarter. Venturi Wealth Management LLC now owns 5,215 shares of the auto parts company’s stock valued at $166,000 after buying an additional 4,543 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $29.49 on Friday. The firm has a market capitalization of $6.45 billion, a PE ratio of 20.62, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 12 month low of $28.65 and a 12 month high of $38.22. The company’s 50 day simple moving average is $31.48 and its 200 day simple moving average is $33.05.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Insider Transactions at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BWA. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $40.57.

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.