45,255 Shares in BorgWarner Inc. (BWA) Purchased by Mendel Money Management

Mendel Money Management acquired a new position in BorgWarner Inc. (NYSE:BWA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,255 shares of the auto parts company’s stock, valued at approximately $2,312,000. BorgWarner accounts for approximately 2.2% of Mendel Money Management’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also recently made changes to their positions in BWA. Cerebellum GP LLC acquired a new stake in BorgWarner in the fourth quarter worth about $119,000. Calton & Associates Inc. acquired a new stake in BorgWarner in the fourth quarter worth about $150,000. Zeke Capital Advisors LLC acquired a new stake in BorgWarner in the third quarter worth about $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in BorgWarner in the third quarter worth about $202,000. Finally, Rothschild Investment Corp IL acquired a new stake in BorgWarner in the third quarter worth about $205,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

In other news, EVP John J. Gasparovic sold 38,409 shares of BorgWarner stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.60, for a total transaction of $2,020,313.40. Following the transaction, the executive vice president now owns 63,937 shares in the company, valued at approximately $3,363,086.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joel Wiegert sold 1,400 shares of BorgWarner stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $52.35, for a total value of $73,290.00. Following the transaction, the vice president now owns 16,197 shares in the company, valued at approximately $847,912.95. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

BWA has been the subject of a number of research reports. Deutsche Bank lowered BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a research report on Thursday, October 12th. KeyCorp lifted their price objective on BorgWarner from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, October 17th. UBS Group lifted their price objective on BorgWarner from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Buckingham Research lifted their price objective on BorgWarner from $37.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. BorgWarner presently has an average rating of “Hold” and a consensus price target of $52.38.

BorgWarner Inc. (BWA) opened at $55.00 on Thursday. BorgWarner Inc. has a 1-year low of $37.54 and a 1-year high of $58.22. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $11,419.01, a PE ratio of 39.86, a PEG ratio of 1.48 and a beta of 1.82.

BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, February 8th. The auto parts company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business posted $0.85 EPS. BorgWarner’s revenue for the quarter was up 14.5% on a year-over-year basis. analysts forecast that BorgWarner Inc. will post 3.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. BorgWarner’s dividend payout ratio (DPR) is presently 49.28%.

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About BorgWarner

BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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