Blueshift Asset Management LLC Invests $411,000 in BorgWarner Inc. (NYSE:BWA)

Blueshift Asset Management LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,914 shares of the auto parts company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Studio Investment Management LLC raised its holdings in shares of BorgWarner by 12.4% in the third 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 period. Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Janney Montgomery Scott LLC grew its stake 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 worth $1,730,000 after purchasing an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $2,421,000 after purchasing an additional 393 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after purchasing an additional 394 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. Barclays dropped their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Piper Sandler dropped their target price on BorgWarner from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday. 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. Finally, StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. Eight equities research 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 an average price target of $39.06.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 in the last 90 days. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Performance

Shares of BWA stock opened at $28.97 on Friday. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. 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 $30.40 and a 200 day moving average of $32.58. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year 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, 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, research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

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.