BorgWarner Inc. (NYSE:BWA) Shares Bought by Busey Bank

Busey Bank lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 168,412 shares of the auto parts company’s stock after acquiring an additional 7,882 shares during the period. Busey Bank’s holdings in BorgWarner were worth $5,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Highland Capital Management LLC acquired a new stake in shares of BorgWarner during the 4th quarter worth about $220,000. Swedbank AB raised its position in shares of BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company’s stock worth $51,454,000 after acquiring an additional 774,438 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of BorgWarner by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 826,148 shares of the auto parts company’s stock worth $26,263,000 after acquiring an additional 142,423 shares in the last quarter. Twelve Points Wealth Management LLC raised its position in shares of BorgWarner by 23.1% during the 4th quarter. Twelve Points Wealth Management LLC now owns 54,244 shares of the auto parts company’s stock worth $1,724,000 after acquiring an additional 10,186 shares in the last quarter. Finally, KBC Group NV raised its position in shares of BorgWarner by 37.6% during the 4th quarter. KBC Group NV now owns 340,372 shares of the auto parts company’s stock worth $10,820,000 after acquiring an additional 92,960 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BWA shares. The Goldman Sachs Group cut their target price on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays dropped their price target on BorgWarner from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.40.

Insider Buying and Selling

In related news, EVP Paul Arthur Farrell sold 20,266 shares of BorgWarner stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.47, for a total transaction of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.61, for a total value of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is owned by insiders.

BorgWarner Stock Down 0.3 %

BorgWarner stock opened at $32.47 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a market cap of $7.10 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The stock’s 50 day moving average price is $32.85 and its 200 day moving average price is $33.39.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts predict that BorgWarner Inc. will post 4.23 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a yield of 1.36%. BorgWarner’s dividend payout ratio is presently 11.17%.

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.