21,977 Shares in BorgWarner Inc. (NYSE:BWA) Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,977 shares of the auto parts company’s stock, valued at approximately $788,000.

Several other hedge funds have also recently modified their holdings of BWA. CWM LLC raised its position in shares of BorgWarner by 15.1% during the 3rd quarter. CWM LLC now owns 7,880 shares of the auto parts company’s stock worth $318,000 after purchasing an additional 1,033 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of BorgWarner by 21.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,362 shares of the auto parts company’s stock worth $216,000 after purchasing an additional 961 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of BorgWarner by 14.4% during the 3rd quarter. Global Retirement Partners LLC now owns 2,800 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 353 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of BorgWarner by 919.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 17,677 shares of the auto parts company’s stock worth $714,000 after purchasing an additional 15,943 shares during the last quarter. Finally, CX Institutional raised its position in shares of BorgWarner by 9.8% during the 3rd quarter. CX Institutional now owns 6,477 shares of the auto parts company’s stock worth $261,000 after purchasing an additional 578 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now owns 111,964 shares in the company, valued at $3,678,017.40. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWA has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Barclays upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group dropped their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Finally, Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Trading Down 2.5 %

Shares of NYSE:BWA traded down $0.82 during mid-day trading on Thursday, reaching $32.83. 1,610,741 shares of the company were exchanged, compared to its average volume of 2,846,287. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.00 and a beta of 1.31. The firm’s 50-day simple moving average is $32.63 and its 200 day simple moving average is $33.99. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. Equities research analysts forecast that BorgWarner Inc. will post 3.89 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 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 1.34%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

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.