Olympiad Research LP Takes Position in BorgWarner Inc. (NYSE:BWA)

Olympiad Research LP purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,542 shares of the auto parts company’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWA. Raymond James & Associates raised its holdings in BorgWarner by 8.0% in the 3rd quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company’s stock worth $6,968,000 after purchasing an additional 14,165 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in BorgWarner by 51.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company’s stock worth $646,000 after purchasing an additional 6,076 shares during the period. Private Advisor Group LLC raised its holdings in BorgWarner by 8.4% in the 3rd quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company’s stock worth $256,000 after purchasing an additional 549 shares during the period. International Assets Investment Management LLC bought a new position in BorgWarner in the 3rd quarter worth $11,960,000. Finally, Tectonic Advisors LLC raised its holdings in BorgWarner by 9.3% in the 3rd quarter. Tectonic Advisors LLC now owns 13,049 shares of the auto parts company’s stock worth $474,000 after purchasing an additional 1,110 shares during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. StockNews.com lowered BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays cut their price target on BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and an average target price of $40.57.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

BorgWarner Trading Down 2.5 %

Shares of BorgWarner stock opened at $29.49 on Friday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.77 and a beta of 1.18. The business has a 50-day moving average price of $31.48 and a 200-day moving average price of $33.06. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a twelve month low of $28.65 and a twelve month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner’s dividend payout ratio is currently 30.77%.

About BorgWarner

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.