Wealth Enhancement Advisory Services LLC Raises Position in BorgWarner Inc. (NYSE:BWA)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 0.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,168 shares of the auto parts company’s stock after acquiring an additional 393 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BorgWarner were worth $2,421,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BWA. Studio Investment Management LLC boosted its position in shares of BorgWarner by 12.4% during the 3rd quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 310 shares during the last quarter. Spectrum Asset Management Inc. NB CA raised its stake in BorgWarner by 0.5% in the third quarter. Spectrum Asset Management Inc. NB CA now owns 59,457 shares of the auto parts company’s stock valued at $2,158,000 after purchasing an additional 316 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its position in BorgWarner by 2.2% during the third quarter. Alpha Omega Wealth Management LLC now owns 16,599 shares of the auto parts company’s stock valued at $602,000 after purchasing an additional 350 shares during the last quarter. Wellington Management Group LLP grew its stake in BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after buying an additional 394 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in shares of BorgWarner by 4.6% in the 3rd quarter. PFG Investments LLC now owns 9,435 shares of the auto parts company’s stock worth $342,000 after buying an additional 414 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Stock Up 0.8 %

BWA stock opened at $31.85 on Wednesday. BorgWarner Inc. has a one year low of $29.51 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The firm’s fifty day moving average is $33.33 and its 200 day moving average is $33.37. The firm has a market cap of $6.97 billion, a PE ratio of 8.08, a P/E/G ratio of 0.77 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.50 billion. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, research analysts forecast that BorgWarner Inc. will post 4.22 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is 11.17%.

Insider Buying and Selling

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the sale, the chief executive officer now owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.62, for a total value of $197,334.00. Following the transaction, the vice president now directly owns 37,640 shares in the company, valued at approximately $1,303,096.80. The trade was a 13.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BWA shares. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wells Fargo & Company decreased their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 target price on shares of BorgWarner in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.07.

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.