Fox Run Management L.L.C. Purchases Shares of 17,971 BorgWarner Inc. (NYSE:BWA)

Fox Run Management L.L.C. acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,971 shares of the auto parts company’s stock, valued at approximately $571,000.

A number of other hedge funds have also modified their holdings of the stock. Truist Financial Corp boosted its position in shares of BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company’s stock valued at $487,000 after purchasing an additional 595 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of BorgWarner by 96.3% in the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company’s stock worth $1,650,000 after buying an additional 25,475 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of BorgWarner in the fourth quarter worth approximately $1,197,000. Wellington Management Group LLP increased its position in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after acquiring an additional 394 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in shares of BorgWarner during the third quarter valued at approximately $908,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction 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. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

NYSE BWA opened at $29.47 on Tuesday. The company has a 50 day moving average price of $30.31 and a two-hundred day moving average price of $32.51. BorgWarner Inc. has a 12-month low of $27.65 and a 12-month high of $38.23. The stock has a market capitalization of $6.47 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict 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. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

BWA has been the subject of a number of recent analyst reports. Guggenheim set a $38.00 price objective on shares of BorgWarner in a research note on Wednesday, March 5th. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Monday. BNP Paribas raised BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Barclays decreased their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $39.06.

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.