Landscape Capital Management L.L.C. Purchases 7,578 Shares of BorgWarner Inc. (NYSE:BWA)

Landscape Capital Management L.L.C. boosted its position in BorgWarner Inc. (NYSE:BWA) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,629 shares of the auto parts company’s stock after acquiring an additional 7,578 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in BorgWarner were worth $1,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truist Financial Corp raised its holdings in shares of BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock worth $487,000 after buying an additional 595 shares in the last quarter. State of Alaska Department of Revenue raised its stake in BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after acquiring an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of BorgWarner in the fourth quarter worth about $1,197,000. Wellington Management Group LLP boosted its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of BorgWarner during the 4th quarter valued at approximately $5,077,000. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lowered 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. Wells Fargo & Company boosted their price target on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group dropped their price objective 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, Guggenheim set a $38.00 target price on shares of BorgWarner in a report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.06.

BorgWarner Trading Down 4.7 %

Shares of BWA stock opened at $25.92 on Friday. BorgWarner Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a 50 day simple moving average of $29.63 and a two-hundred day simple moving average of $32.27. The company has a market cap of $5.69 billion, a P/E ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA) last released its quarterly earnings data 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 net margin of 2.40% and a return on equity of 15.93%. Research analysts forecast 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 given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Insider Buying and Selling

In other news, CAO Tonit M. Calaway sold 8,300 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by company insiders.

BorgWarner Company 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.