Malaga Cove Capital LLC Raises Holdings in BorgWarner Inc. (NYSE:BWA)

Malaga Cove Capital LLC raised its position in BorgWarner Inc. (NYSE:BWA) by 44.4% during the fourth quarter, HoldingsChannel reports. The firm owned 20,932 shares of the auto parts company’s stock after purchasing an additional 6,439 shares during the period. Malaga Cove Capital LLC’s holdings in BorgWarner were worth $750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in BorgWarner by 10.9% during the fourth quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after acquiring an additional 948,659 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of BorgWarner by 3.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock worth $220,561,000 after purchasing an additional 166,007 shares during the last quarter. Boston Partners grew its position in shares of BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after purchasing an additional 1,951,783 shares in the last quarter. Invesco Ltd. grew its position in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of BorgWarner by 18.3% in the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after purchasing an additional 648,633 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of several analyst reports. Oppenheimer upped their target price on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird upped their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen lifted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, BNP Paribas downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. 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, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $43.93.

BorgWarner Stock Up 2.3 %

Shares of BWA stock traded up $0.81 during trading on Friday, reaching $36.44. The company’s stock had a trading volume of 4,825,565 shares, compared to its average volume of 2,527,433. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $50.04. The stock’s 50-day moving average price is $33.10 and its 200 day moving average price is $33.72. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.30.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. On average, research analysts anticipate that BorgWarner Inc. will post 3.94 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. BorgWarner’s payout ratio is 16.67%.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares of the company’s stock, valued at approximately $2,679,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the transaction, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 over the last 90 days. 0.45% of the stock is owned by corporate insiders.

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.