Platinum Investment Management Ltd. Makes New $87,000 Investment in BorgWarner Inc. (NYSE:BWA)

Platinum Investment Management Ltd. acquired a new stake in BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,750 shares of the auto parts company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC purchased a new position in BorgWarner in the third quarter valued at approximately $38,000. Avior Wealth Management LLC lifted its stake in BorgWarner by 31.3% in the fourth 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 last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of BorgWarner during the fourth quarter worth $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner during the third quarter worth $62,000. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of NYSE BWA opened at $28.82 on Wednesday. The firm’s 50 day simple moving average is $30.50 and its 200-day simple moving average is $32.63. BorgWarner Inc. has a 12 month low of $27.65 and a 12 month high of $38.23. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.77 and a beta of 1.21. 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 announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating 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%. Analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

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

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BWA. BNP Paribas raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Tuesday. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Guggenheim set a $38.00 target price on shares of BorgWarner in a report on Wednesday, March 5th. Finally, Cowen lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.27.

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.