Fort Washington Investment Advisors Inc. OH Buys 1,075 Shares of BorgWarner Inc. (NYSE:BWA)

Fort Washington Investment Advisors Inc. OH boosted its stake in BorgWarner Inc. (NYSE:BWA) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,686 shares of the auto parts company’s stock after purchasing an additional 1,075 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BorgWarner were worth $276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock valued at $168,638,000 after acquiring an additional 4,625,685 shares during the last quarter. Earnest Partners LLC raised its stake in shares of BorgWarner by 20.2% during the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after acquiring an additional 669,137 shares during the last quarter. Swedbank AB raised its stake in shares of BorgWarner by 236.5% during the third quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after acquiring an additional 593,265 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of BorgWarner during the second quarter valued at $18,588,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after acquiring an additional 445,540 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BWA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Barclays decreased their price objective on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $43.00 in a research report on Monday, October 14th. Guggenheim reiterated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reduced their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

Insiders Place Their Bets

In other news, VP Isabelle Mckenzie sold 5,700 shares of BorgWarner stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares in the company, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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 $7,094,897.32. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 222,010 shares of company stock valued at $7,678,076. Company insiders own 0.45% of the company’s stock.

BorgWarner Stock Up 1.3 %

BorgWarner stock opened at $32.22 on Friday. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.65 and a beta of 1.20. The firm’s fifty day moving average price is $32.94 and its two-hundred day moving average price is $33.37. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

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

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio is 11.17%.

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.