Arbor Wealth Advisors LLC Buys Shares of 107,911 BorgWarner Inc. (NYSE:BWA)

Arbor Wealth Advisors LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 107,911 shares of the auto parts company’s stock, valued at approximately $3,869,000. BorgWarner accounts for 4.0% of Arbor Wealth Advisors LLC’s holdings, making the stock its 5th largest holding.

Several other large investors have also modified their holdings of the business. Victory Capital Management Inc. boosted its position in shares of BorgWarner by 1.2% during the third quarter. Victory Capital Management Inc. now owns 8,719,779 shares of the auto parts company’s stock valued at $352,017,000 after buying an additional 106,453 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of BorgWarner by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company’s stock valued at $220,561,000 after purchasing an additional 166,007 shares during the period. Boston Partners boosted its holdings in shares of BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after purchasing an additional 1,951,783 shares during the period. Invesco Ltd. boosted its holdings in shares of BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of BorgWarner by 18.3% in the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock valued at $169,132,000 after purchasing an additional 648,633 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BWA. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $35.00 in a report on Tuesday, February 20th. Barclays boosted their price target on BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. TheStreet downgraded shares of BorgWarner from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th. Robert W. Baird downgraded shares of BorgWarner from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price target on BorgWarner from $59.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the sale, the vice president now directly owns 249,013 shares of the company’s stock, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frederic Lissalde sold 225,900 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the completion of the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at $14,148,455.16. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock valued at $9,015,478 in the last ninety days. 0.63% of the stock is currently owned by corporate insiders.

BorgWarner Stock Performance

NYSE:BWA traded up $0.25 during mid-day trading on Tuesday, hitting $33.34. The company’s stock had a trading volume of 1,915,115 shares, compared to its average volume of 2,873,294. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.65 and a quick ratio of 1.30. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.98 and a beta of 1.30. The business’s fifty day moving average is $32.58 and its two-hundred day moving average is $34.00.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the previous year, the company posted $1.26 earnings per share. BorgWarner’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that BorgWarner Inc. will post 3.9 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

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.