Savant Capital LLC Purchases 40,993 Shares of BorgWarner Inc. $BWA

Savant Capital LLC grew its holdings in BorgWarner Inc. (NYSE:BWA) by 130.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,427 shares of the auto parts company’s stock after purchasing an additional 40,993 shares during the period. Savant Capital LLC’s holdings in BorgWarner were worth $3,184,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in BorgWarner in the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 714 shares in the last quarter. Addison Advisors LLC increased its position in shares of BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 758 shares during the last quarter. Assetmark Inc. raised its holdings in BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 364 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in BorgWarner during the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the vice president owned 204,040 shares of the company’s stock, valued at approximately $9,385,840. This trade represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

BorgWarner Stock Performance

NYSE:BWA opened at $52.23 on Friday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 82.91, a PEG ratio of 1.05 and a beta of 1.09. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $52.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The stock has a fifty day moving average price of $46.39 and a 200-day moving average price of $43.78.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 2nd. BorgWarner’s payout ratio is currently 107.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore boosted their target price on shares of BorgWarner from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. UBS Group boosted their price objective on shares of BorgWarner from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $51.00 target price (down from $52.00) on shares of BorgWarner in a report on Thursday, January 8th. Robert W. Baird set a $55.00 price target on BorgWarner in a report on Wednesday, January 14th. Finally, Wells Fargo & Company dropped their price objective on BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $47.31.

About BorgWarner

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.