Cullen Capital Management LLC Has $2.91 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Cullen Capital Management LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,507 shares of the auto parts company’s stock after acquiring an additional 1,974 shares during the quarter. Cullen Capital Management LLC’s holdings in BorgWarner were worth $2,909,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Avior Wealth Management LLC boosted its position 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 valued at $46,000 after purchasing an additional 342 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of BorgWarner in the 4th quarter valued at about $59,000. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner during the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. raised its position in shares of BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their position. 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 firm’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 transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

BorgWarner Price Performance

Shares of NYSE BWA opened at $25.92 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $29.63 and its 200-day moving average price is $32.28. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a 1-year low of $24.66 and a 1-year high of $38.23.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results 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%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. 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. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Evercore ISI lowered their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $39.06.

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.