Natixis Advisors LLC Has $26.59 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Natixis Advisors LLC raised its position in BorgWarner Inc. (NYSE:BWA) by 10.8% in the 4th quarter, HoldingsChannel reports. The fund owned 836,303 shares of the auto parts company’s stock after purchasing an additional 81,308 shares during the period. Natixis Advisors LLC’s holdings in BorgWarner were worth $26,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in BorgWarner by 811.6% in the 4th quarter. Picton Mahoney Asset Management now owns 5,716 shares of the auto parts company’s stock valued at $183,000 after acquiring an additional 5,089 shares in the last quarter. Intact Investment Management Inc. acquired a new position in BorgWarner in the 4th quarter valued at approximately $5,077,000. LBP AM SA raised its holdings in BorgWarner by 221.6% in the 4th quarter. LBP AM SA now owns 315,920 shares of the auto parts company’s stock valued at $10,043,000 after acquiring an additional 217,694 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in BorgWarner by 33,770.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 51,483 shares of the auto parts company’s stock valued at $1,629,000 after acquiring an additional 51,331 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Swiss National Bank now owns 447,984 shares of the auto parts company’s stock worth $14,241,000 after buying an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 259,310 shares in the company, 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. In the last ninety days, insiders have sold 45,800 shares of company stock worth $1,347,701. Insiders own 0.45% of the company’s stock.

BorgWarner Stock Down 1.3 %

Shares of BWA opened at $28.32 on Tuesday. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The business’s fifty day moving average price is $30.57 and its two-hundred day moving average price is $32.67. BorgWarner Inc. has a 52 week low of $27.65 and a 52 week high of $38.23.

BorgWarner (NYSE:BWA) last announced 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 return on equity of 15.93% and a net margin of 2.40%. On average, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.55%. BorgWarner’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Morgan Stanley dropped their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. StockNews.com cut BorgWarner from a “buy” rating to a “hold” rating in a report on Friday. Cowen cut BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Guggenheim set a $38.00 target price on BorgWarner in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.