1 week Ago By Defense World Staff
JPMorgan Chase & Co. lowered its holdings in BorgWarner Inc. ( NYSE:BWA – Free Report ) by 15.
9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 709,740 shares of the auto parts company’s stock after selling 134,606 shares during the quarter. JPMorgan Chase & Co.
owned about 0.32% of BorgWarner worth $22,563,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the business.
Avior Wealth Management LLC lifted its stake in BorgWarner by 31.3% during the 4th 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 in the last quarter.
Generali Asset Management SPA SGR bought a new position in shares of BorgWarner during the fourth quarter valued at about $59,000. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner during the third quarter worth about $62,000. Principal Securities Inc.
grew its position in BorgWarner by 59.1% in 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 in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in BorgWarner by 126.2% in the 4th quarter.
TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company’s stock valued at $76,000 after buying an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.
Analysts Set New Price Targets BWA has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on BorgWarner from $35.00 to $31.
00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Guggenheim set a $38.00 target price on BorgWarner in a research note on Wednesday, March 5th.
Evercore ISI reduced their price target on shares of BorgWarner from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 10th.
JPMorgan Chase & Co. decreased their price objective on shares of BorgWarner from $51.00 to $49.
00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company.
According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.06. BorgWarner Stock Up 8.
2 % Shares of NYSE BWA opened at $26.88 on Thursday. BorgWarner Inc.
has a 1 year low of $24.40 and a 1 year high of $38.23.
The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.
45. The company has a market cap of $5.91 billion, a P/E ratio of 18.
80, a PEG ratio of 0.77 and a beta of 1.12.
The firm has a 50-day simple moving average of $28.96 and a two-hundred day simple moving average of $32.01.
BorgWarner ( NYSE:BWA – Get Free Report ) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.
93 by $0.08. BorgWarner had a return on equity of 15.
93% and a net margin of 2.40%. Research analysts anticipate that BorgWarner Inc.
will post 4.28 earnings per share for the current year. BorgWarner Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.
44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, March 3rd.
BorgWarner’s payout ratio is currently 30.77%. Insider Transactions at BorgWarner In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. This trade represents a 38.
03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Tonit M.
Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.
00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here .
Over the last ninety days, insiders have sold 45,800 shares of company stock worth $1,347,701. Insiders own 0.45% of the company’s stock.
About BorgWarner ( Free Report ) 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. See Also Five stocks we like better than BorgWarner Breakout Stocks: What They Are and How to Identify Them Quantum Computing: The $6.
5 Billion Opportunity You Can’t Ignore How to Invest in the Best Canadian Stocks Are Tariffs Threatening Disney’s Comeback Story? What Are Treasury Bonds? Is Alphabet a Generational Buying Opportunity at These Levels? Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. ( NYSE:BWA – Free Report ).
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter ..
