Oak Thistle LLC Buys Shares of 13,722 BorgWarner Inc. (NYSE:BWA)

Oak Thistle LLC purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,722 shares of the auto parts company’s stock, valued at approximately $436,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of BorgWarner by 1.4% during the 3rd 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 during the period. Mirabella Financial Services LLP purchased a new position in BorgWarner during the third quarter worth about $908,000. Swedbank AB increased its position in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares during the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after acquiring an additional 64,126 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of BorgWarner in the 2nd quarter worth approximately $1,016,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares of the company’s stock, valued at approximately $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction on 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 sale, 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. In the last quarter, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is currently owned by corporate insiders.

BorgWarner Stock Down 0.9 %

Shares of NYSE:BWA opened at $31.99 on Friday. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. The company has a 50 day moving average of $33.24 and a two-hundred day moving average of $33.36. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, analysts forecast that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio is presently 11.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BWA. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a research note on Monday, October 14th. The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.73.

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.