Swiss National Bank Purchases 3,200 Shares of BorgWarner Inc. (NYSE:BWA)

Swiss National Bank raised its position in BorgWarner Inc. (NYSE:BWA) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,984 shares of the auto parts company’s stock after purchasing an additional 3,200 shares during the quarter. Swiss National Bank owned 0.20% of BorgWarner worth $14,241,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of BorgWarner during the third quarter worth $32,000. True Wealth Design LLC acquired a new position in BorgWarner during the 3rd quarter worth about $38,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the third quarter worth about $62,000. Finally, Principal Securities Inc. lifted its stake in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $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. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

NYSE BWA opened at $28.96 on Thursday. The company has a market cap of $6.33 billion, a P/E ratio of 20.25, a PEG ratio of 0.77 and a beta of 1.21. The company has a fifty day simple moving average of $30.45 and a 200 day simple moving average of $32.61. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month 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 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%. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Wall Street Analyst Weigh In

BWA has been the subject of several analyst reports. Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, Barclays cut their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.27.

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.