Aster Capital Management DIFC Ltd Buys New Holdings in BorgWarner Inc. (NYSE:BWA)

Aster Capital Management DIFC Ltd purchased a new position in BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,066 shares of the auto parts company’s stock, valued at approximately $543,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BWA. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner in the fourth quarter worth $45,000. Avior Wealth Management LLC increased its position 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 acquiring an additional 342 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the third quarter valued at about $62,000. Generali Asset Management SPA SGR purchased a new stake in shares of BorgWarner during the fourth quarter worth about $59,000. Finally, Principal Securities Inc. grew 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 purchasing an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was 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 owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the 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 completion of the transaction, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last 90 days. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BWA shares. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Tuesday, March 18th. StockNews.com raised shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Guggenheim set a $38.00 price target on shares of BorgWarner in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.06.

BorgWarner Stock Down 4.7 %

NYSE:BWA opened at $25.92 on Monday. 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 firm has a market cap of $5.69 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a fifty-two week low of $24.60 and a fifty-two week high of $38.23. The firm has a 50-day simple moving average of $29.63 and a two-hundred day simple moving average of $32.27.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping 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%. Analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

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.