Elo Mutual Pension Insurance Co Buys New Position in BorgWarner Inc. (NYSE:BWA)

Elo Mutual Pension Insurance Co bought a new stake in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,288 shares of the auto parts company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in BorgWarner by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after buying an additional 217,050 shares during the period. American Century Companies Inc. grew its stake in shares of BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company’s stock worth $116,230,000 after acquiring an additional 621,243 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after acquiring an additional 445,540 shares during the period. Sei Investments Co. raised its stake in shares of BorgWarner by 12.9% in the fourth quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company’s stock valued at $78,561,000 after acquiring an additional 282,659 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in BorgWarner by 22.5% in the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock valued at $62,427,000 after purchasing an additional 361,112 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BorgWarner

In related news, 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 value of $690,960.00. Following the transaction, 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 SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 in the last quarter. Company insiders own 0.45% of the company’s stock.

BorgWarner Trading Down 2.3 %

BWA opened at $28.18 on Monday. 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 firm has a market cap of $6.19 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The business’s 50 day moving average is $30.08 and its two-hundred day moving average is $32.43. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23.

BorgWarner (NYSE:BWA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS 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%. On average, research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BWA. Wells Fargo & Company upped 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. TD Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Friday, March 7th. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $39.06.

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.