BorgWarner Inc. (NYSE:BWA) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 126.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,377 shares of the auto parts company’s stock after purchasing an additional 1,326 shares during the period. TD Private Client Wealth LLC’s holdings in BorgWarner were worth $76,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWA. Brooklyn Investment Group acquired a new stake in shares of BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC purchased a new stake in BorgWarner during the 3rd quarter valued at approximately $38,000. Avior Wealth Management LLC lifted its position in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner in the 4th quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner during the third quarter worth approximately $62,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the 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 owns 259,310 shares in the company, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,800 shares of company stock valued at $1,347,701. Company insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

BWA stock opened at $29.56 on Wednesday. The stock’s 50 day moving average price is $30.27 and its 200 day moving average price is $32.49. The firm has a market cap of $6.49 billion, a P/E ratio of 20.67, a PEG ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) 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%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BWA. Evercore ISI dropped their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays dropped their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Cowen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. 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, Guggenheim set a $38.00 price target on BorgWarner in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

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.