Bessemer Group Inc. Purchases 1,087 Shares of BorgWarner Inc. (NYSE:BWA)

Bessemer Group Inc. raised its position in BorgWarner Inc. (NYSE:BWA) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,404 shares of the auto parts company’s stock after purchasing an additional 1,087 shares during the quarter. Bessemer Group Inc.’s holdings in BorgWarner were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BWA. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner during the 4th quarter worth approximately $45,000. Avior Wealth Management LLC raised its stake in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner in the third quarter worth $62,000. Generali Asset Management SPA SGR acquired a new stake in BorgWarner in the fourth quarter valued at $59,000. Finally, Principal Securities Inc. raised its position in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 720 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Tonit M. Calaway sold 13,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the sale, the chief accounting officer now directly owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last 90 days. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

NYSE BWA opened at $26.42 on Tuesday. The company has a market cap of $5.80 billion, a P/E ratio of 18.48, a PEG ratio of 0.77 and a beta of 1.12. The company has a fifty day simple moving average of $28.66 and a 200 day simple moving average of $31.79. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23.

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, beating 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%. Sell-side 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. Stockholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWA. Barclays lowered 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. BNP Paribas upgraded shares of BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, March 18th. StockNews.com lowered shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company lifted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Guggenheim set a $38.00 price target on shares of BorgWarner in a research report on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.56.

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.