Arbor Wealth Advisors LLC Makes New Investment in BorgWarner Inc. (NYSE:BWA)

Arbor Wealth Advisors LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 107,911 shares of the auto parts company’s stock, valued at approximately $3,869,000. BorgWarner makes up approximately 4.0% of Arbor Wealth Advisors LLC’s holdings, making the stock its 5th largest position.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $80,000. Illinois Municipal Retirement Fund boosted its stake in shares of BorgWarner by 84.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 260,556 shares of the auto parts company’s stock valued at $9,341,000 after purchasing an additional 119,170 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of BorgWarner by 13.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 348,994 shares of the auto parts company’s stock valued at $12,511,000 after purchasing an additional 40,024 shares in the last quarter. Telemus Capital LLC boosted its stake in shares of BorgWarner by 3.2% in the 4th quarter. Telemus Capital LLC now owns 122,134 shares of the auto parts company’s stock valued at $4,379,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of BorgWarner in the 4th quarter valued at approximately $327,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on BWA shares. Piper Sandler started coverage on shares of BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Robert W. Baird lowered 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 report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Finally, Barclays raised their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Stock Up 0.8 %

NYSE BWA traded up $0.25 during mid-day trading on Tuesday, hitting $33.34. The company’s stock had a trading volume of 1,915,115 shares, compared to its average volume of 2,873,294. The company has a current ratio of 1.65, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.98 and a beta of 1.30. The company’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $34.00. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm 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%. BorgWarner’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Analysts anticipate that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, February 29th. BorgWarner’s payout ratio is 16.48%.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. In other news, VP Volker Weng sold 20,000 shares of the company’s stock in a transaction dated 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 directly owns 111,964 shares in the company, valued at $3,678,017.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The disclosure for this sale can be found here. Insiders have sold 287,503 shares of company stock worth $9,015,478 in the last ninety days. Company insiders own 0.63% of the company’s stock.

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.