Machina Capital S.A.S. Purchases 10,810 Shares of BorgWarner Inc. (NYSE:BWA)

Machina Capital S.A.S. grew its stake in BorgWarner Inc. (NYSE:BWA) by 88.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,983 shares of the auto parts company’s stock after purchasing an additional 10,810 shares during the quarter. Machina Capital S.A.S.’s holdings in BorgWarner were worth $731,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Edgestream Partners L.P. raised its position in shares of BorgWarner by 95.9% in the fourth quarter. Edgestream Partners L.P. now owns 212,085 shares of the auto parts company’s stock valued at $6,742,000 after purchasing an additional 103,825 shares during the period. Raymond James Financial Inc. bought a new position in shares of BorgWarner in the fourth quarter valued at about $3,860,000. Arizona State Retirement System raised its position in shares of BorgWarner by 0.8% in the fourth quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company’s stock valued at $2,101,000 after purchasing an additional 498 shares during the period. Proficio Capital Partners LLC bought a new position in shares of BorgWarner in the fourth quarter valued at about $1,197,000. Finally, Jones Financial Companies Lllp raised its position in shares of BorgWarner by 64.6% in the fourth quarter. Jones Financial Companies Lllp now owns 24,976 shares of the auto parts company’s stock valued at $794,000 after purchasing an additional 9,799 shares during the period. 95.67% of the stock is owned by institutional investors.

BorgWarner Trading Up 1.6 %

Shares of BorgWarner stock opened at $29.85 on Friday. The firm’s 50-day moving average price is $30.93 and its two-hundred day moving average price is $32.88. BorgWarner Inc. has a 12-month low of $27.90 and a 12-month high of $38.22. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.77 and a beta of 1.21.

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

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. BorgWarner’s payout ratio is currently 30.77%.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred 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 sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Barclays lowered their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.93.

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.