Intact Investment Management Inc. Takes $5.08 Million Position in BorgWarner Inc. (NYSE:BWA)

Intact Investment Management Inc. purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 159,700 shares of the auto parts company’s stock, valued at approximately $5,077,000. Intact Investment Management Inc. owned about 0.07% of BorgWarner at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BWA. Studio Investment Management LLC raised its stake in shares of BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 310 shares during the period. Avior Wealth Management LLC raised its stake in shares of BorgWarner by 31.3% during 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 during the period. Janney Montgomery Scott LLC raised its stake in shares of BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company’s stock valued at $1,730,000 after purchasing an additional 381 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock valued at $2,421,000 after purchasing an additional 393 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock valued at $1,003,000 after purchasing an additional 394 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BWA has been the topic of a number of research analyst reports. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Barclays decreased their target price on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

BorgWarner Trading Up 3.4 %

Shares of BWA stock opened at $28.72 on Friday. The stock has a market capitalization of $6.28 billion, a PE ratio of 20.08, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1-year low of $27.65 and a 1-year high of $38.23. The business has a 50-day moving average of $30.70 and a 200 day moving average of $32.76. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is currently 30.77%.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.63% of the stock is currently owned by company insiders.

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.