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

Empowered Funds LLC bought a new position in BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 251,507 shares of the auto parts company’s stock, valued at approximately $7,995,000. Empowered Funds LLC owned 0.12% of BorgWarner as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of BorgWarner in the third quarter valued at approximately $32,000. True Wealth Design LLC bought a new position in BorgWarner in the 3rd quarter valued at $38,000. Avior Wealth Management LLC grew its position 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 in the last quarter. Trust Co. of Vermont increased its holdings in shares of BorgWarner by 88.1% in the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the third quarter worth $62,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

BWA opened at $29.33 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. BorgWarner Inc. has a 1 year low of $29.28 and a 1 year high of $38.22. The stock’s 50 day simple moving average is $32.32 and its 200 day simple moving average is $33.27. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its earnings results 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 net margin of 2.40% and a return on equity of 15.93%. As a group, analysts predict that BorgWarner Inc. will post 4.54 earnings per share for the current year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. Guggenheim reiterated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, StockNews.com downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus price target of $40.27.

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.