BorgWarner Inc. (NYSE:BWA) Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,766 shares of the auto parts company’s stock after buying an additional 685 shares during the period. Jupiter Asset Management Ltd. owned about 0.11% of BorgWarner worth $12,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Jacobi Capital Management LLC acquired a new position in shares of BorgWarner during the fourth quarter worth $26,000. Winslow Evans & Crocker Inc. lifted its position in shares of BorgWarner by 113.2% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 757 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Valley Brook Capital Group acquired a new stake in BorgWarner in the fourth quarter valued at $29,000. Cranbrook Wealth Management LLC acquired a new stake in BorgWarner in the first quarter valued at $39,000. Finally, Ropes Wealth Advisors LLC acquired a new stake in BorgWarner in the fourth quarter valued at $33,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on BWA shares. Oppenheimer restated a “buy” rating and set a $54.00 price target on shares of BorgWarner in a research report on Wednesday, April 21st. KeyCorp upped their price objective on shares of BorgWarner from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BorgWarner from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Thursday, March 25th. Credit Suisse Group upped their target price on BorgWarner from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, February 16th. Finally, Barclays upped their target price on BorgWarner from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.13.

In related news, VP Brady D. Ericson sold 13,415 shares of the firm’s stock in a transaction on Friday, May 14th. The stock was sold at an average price of $50.99, for a total value of $684,030.85. Following the completion of the transaction, the vice president now directly owns 31,134 shares of the company’s stock, valued at $1,587,522.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexis P. Michas sold 9,994 shares of the firm’s stock in a transaction on Friday, May 14th. The stock was sold at an average price of $51.30, for a total value of $512,692.20. Following the completion of the transaction, the director now directly owns 76,121 shares of the company’s stock, valued at $3,905,007.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,362 shares of company stock valued at $5,796,851. 0.36% of the stock is owned by company insiders.

Shares of BWA stock opened at $52.25 on Friday. BorgWarner Inc. has a 12 month low of $31.87 and a 12 month high of $55.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.68. The firm has a market capitalization of $12.53 billion, a P/E ratio of 28.24, a PEG ratio of 0.97 and a beta of 1.57. The company’s 50 day moving average is $50.20.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Tuesday, May 4th. The auto parts company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.29. BorgWarner had a return on equity of 12.53% and a net margin of 3.67%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the business earned $0.77 earnings per share. BorgWarner’s revenue for the quarter was up 75.9% compared to the same quarter last year. On average, sell-side analysts expect that BorgWarner Inc. will post 4.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.68 annualized dividend and a yield of 1.30%. BorgWarner’s dividend payout ratio (DPR) is currently 24.64%.

BorgWarner Profile

BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. The company's Engine segment offers turbocharger and turbocharger actuators; eBoosters; and timing systems products, including timing chains, variable cam timing, crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

Further Reading: What is a Leveraged Buyout (LBO)?

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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