BorgWarner Inc. (NYSE:BWA) Position Boosted by Inspire Advisors LLC

Inspire Advisors LLC lifted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 44.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,434 shares of the auto parts company’s stock after buying an additional 4,751 shares during the quarter. Inspire Advisors LLC’s holdings in BorgWarner were worth $491,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BWA. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter worth about $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the third quarter worth about $38,000. Avior Wealth Management LLC raised its stake in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 342 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner during the third quarter worth about $62,000. Finally, Principal Securities Inc. raised its stake in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 720 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Evercore ISI dropped their price objective on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays dropped their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Guggenheim set a $38.00 price target on shares of BorgWarner in a research note on Wednesday, March 5th. Morgan Stanley dropped their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Insider Buying and Selling

In related news, 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 transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’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 transaction of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.63% of the company’s stock.

BorgWarner Price Performance

NYSE BWA opened at $28.57 on Thursday. BorgWarner Inc. has a 12 month low of $27.90 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm has a market capitalization of $6.25 billion, a PE ratio of 19.98, a P/E/G ratio of 0.77 and a beta of 1.21. The company’s 50 day simple moving average is $30.84 and its 200 day simple moving average is $32.82.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

BorgWarner 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.