Generali Asset Management SPA SGR Invests $59,000 in BorgWarner Inc. (NYSE:BWA)

Generali Asset Management SPA SGR bought a new position in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,863 shares of the auto parts company’s stock, valued at approximately $59,000.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of BorgWarner in the 3rd quarter worth $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $38,000. Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner in the 3rd quarter valued at about $62,000. Finally, Principal Securities Inc. increased its holdings in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BWA shares. StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, March 14th. Wells Fargo & Company increased their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Tuesday. Eight 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 an average price target of $39.06.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $28.68 on Friday. The company has a market cap of $6.27 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 12 month low of $27.65 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The company has a 50-day simple moving average of $30.36 and a 200-day simple moving average of $32.54.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.53%. BorgWarner’s dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade 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 is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,800 shares of company stock valued at $1,347,701. Insiders own 0.45% of the company’s stock.

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.