17,429 Shares in BorgWarner Inc. (NYSE:BWA) Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,429 shares of the auto parts company’s stock, valued at approximately $625,000.

Other large investors have also recently bought and sold shares of the company. Parkside Investments LLC increased its position in shares of BorgWarner by 28.7% during the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock worth $7,058,000 after purchasing an additional 43,955 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in BorgWarner by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 699,974 shares of the auto parts company’s stock worth $25,094,000 after acquiring an additional 59,925 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in BorgWarner in the third quarter valued at $833,000. Illinois Municipal Retirement Fund grew its position in shares of BorgWarner by 84.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after acquiring an additional 119,170 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in BorgWarner by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock worth $7,305,000 after purchasing an additional 35,986 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Stock Performance

Shares of BorgWarner stock traded up $0.50 on Monday, reaching $36.94. 1,744,251 shares of the company traded hands, compared to its average volume of 2,882,506. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The company has a 50 day moving average of $33.10 and a 200 day moving average of $33.69. The firm has a market capitalization of $8.42 billion, a PE ratio of 14.03, a PEG ratio of 1.08 and a beta of 1.30.

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

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.19%. BorgWarner’s payout ratio is 16.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Barclays increased their target price on BorgWarner from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer upped their price objective on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen raised their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $43.76.

Insiders Place Their Bets

In related news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders sold a total of 287,503 shares of company stock valued at $9,015,478 over the last 90 days. Insiders own 0.63% of the company’s stock.

BorgWarner Company 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.