Howard Capital Management Inc. Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Howard Capital Management Inc. raised its stake in shares of BorgWarner Inc. (NYSE:BWA) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,811 shares of the auto parts company’s stock after buying an additional 8,532 shares during the quarter. Howard Capital Management Inc.’s holdings in BorgWarner were worth $2,696,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BWA. Brooklyn Investment Group purchased a new position in BorgWarner during the third quarter valued at $32,000. True Wealth Design LLC purchased a new position in BorgWarner during the third quarter valued at $38,000. Avior Wealth Management LLC raised its stake in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner during the third quarter valued at $62,000. Finally, Principal Securities Inc. increased its holdings in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated 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 owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Guggenheim reissued a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. The Goldman Sachs Group reduced their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Barclays reduced their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.57.

BorgWarner Stock Performance

Shares of BWA opened at $29.49 on Friday. The firm has a market capitalization of $6.45 billion, a P/E ratio of 20.62, a PEG ratio of 0.77 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. The business has a fifty day moving average of $31.48 and a 200 day moving average of $33.06. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

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.