Ieq Capital LLC Has $1.80 Million Stake in BorgWarner Inc. (NYSE:BWA)

Ieq Capital LLC boosted its holdings in BorgWarner Inc. (NYSE:BWA) by 50.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,481 shares of the auto parts company’s stock after purchasing an additional 18,847 shares during the quarter. Ieq Capital LLC’s holdings in BorgWarner were worth $1,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new position in BorgWarner during the 3rd quarter valued at about $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner in the third quarter valued at approximately $38,000. Avior Wealth Management LLC boosted its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after buying an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in BorgWarner during the third quarter worth $62,000. Finally, Principal Securities Inc. raised its position in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after buying an additional 720 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $29.49 on Monday. The firm has a market cap of $6.45 billion, a P/E ratio of 20.62, a PEG ratio of 0.77 and a beta of 1.18. BorgWarner Inc. has a twelve month low of $28.65 and a twelve month high of $38.22. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $31.48 and a 200 day moving average of $33.07.

BorgWarner (NYSE:BWA) last announced its quarterly 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 net margin of 2.40% and a return on equity of 15.93%. As a group, research analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 1.49%. BorgWarner’s payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays dropped their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Guggenheim restated a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.57.

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.