Empowered Funds LLC Purchases New Shares in BorgWarner Inc. (NYSE:BWA)

Empowered Funds LLC acquired a new position in BorgWarner Inc. (NYSE:BWA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 251,507 shares of the auto parts company’s stock, valued at approximately $7,995,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock worth $1,537,000 after purchasing an additional 450 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after acquiring an additional 25,475 shares in the last quarter. Choreo LLC purchased a new stake in shares of BorgWarner in the fourth quarter worth $1,021,000. Tectonic Advisors LLC increased its holdings in shares of BorgWarner by 18.5% during the fourth quarter. Tectonic Advisors LLC now owns 15,457 shares of the auto parts company’s stock valued at $491,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of BorgWarner by 49.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,022 shares of the auto parts company’s stock worth $838,000 after purchasing an additional 8,613 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company upped their price objective on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday. The Goldman Sachs Group reduced their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Barclays reduced their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $40.27.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $29.33 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $29.28 and a 12-month high of $38.22. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The firm has a 50 day moving average of $32.32 and a 200 day moving average of $33.27.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, research analysts anticipate that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. BorgWarner’s payout ratio is currently 30.77%.

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.