6,300 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Principle Wealth Partners LLC

Principle Wealth Partners LLC acquired a new position in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,300 shares of the auto parts company’s stock, valued at approximately $200,000.

Several other large investors also recently modified their holdings of BWA. Pacer Advisors Inc. grew its holdings in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after acquiring an additional 4,625,685 shares during the period. Swedbank AB grew its holdings in BorgWarner by 91.7% during the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock valued at $51,454,000 after purchasing an additional 774,438 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in 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 valued at $100,309,000 after purchasing an additional 445,540 shares during the period. Bridgewater Associates LP grew its holdings in BorgWarner by 4,509.5% during the third quarter. Bridgewater Associates LP now owns 378,947 shares of the auto parts company’s stock valued at $13,752,000 after purchasing an additional 370,726 shares during the period. Finally, Ninety One UK Ltd grew its holdings in BorgWarner by 22.5% during 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. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the sale, the vice president now directly owns 206,969 shares in the company, valued at $7,094,897.32. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.45% of the stock is owned by company insiders.

BorgWarner Price Performance

NYSE:BWA opened at $29.46 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.44 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.63 and a beta of 1.18. BorgWarner Inc. has a 12 month low of $29.23 and a 12 month high of $38.22. The business’s 50-day moving average is $32.23 and its 200 day moving average is $33.25.

BorgWarner (NYSE:BWA) last posted its 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 return on equity of 15.93% and a net margin of 2.40%. On average, equities research analysts forecast that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.11 dividend. 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 1.49%. BorgWarner’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several research firms have issued reports on BWA. Deutsche Bank Aktiengesellschaft boosted 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. Wells Fargo & Company boosted their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.20.

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.