Telemus Capital LLC Has $4.38 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Telemus Capital LLC boosted its position in shares of BorgWarner Inc. (NYSE:BWA) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,134 shares of the auto parts company’s stock after buying an additional 3,840 shares during the quarter. Telemus Capital LLC’s holdings in BorgWarner were worth $4,379,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BWA. Parkside Investments LLC lifted its stake in shares of BorgWarner by 28.7% in the 4th quarter. Parkside Investments LLC now owns 196,889 shares of the auto parts company’s stock valued at $7,058,000 after purchasing an additional 43,955 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of BorgWarner in the 3rd quarter valued at $833,000. O Shaughnessy Asset Management LLC lifted its stake in shares of BorgWarner by 24.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 180,942 shares of the auto parts company’s stock valued at $7,305,000 after purchasing an additional 35,986 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of BorgWarner in the 3rd quarter valued at $69,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of BorgWarner in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BWA shares. Piper Sandler started coverage on shares of BorgWarner in a research report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. Barclays upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. BNP Paribas cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $43.00 to $35.00 in a research report on Tuesday, February 20th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered their target price on BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Trading Up 0.9 %

Shares of NYSE:BWA opened at $33.09 on Tuesday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $50.04. The company has a market capitalization of $7.60 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. The company has a 50-day simple moving average of $32.53 and a 200 day simple moving average of $34.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (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 firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner’s dividend payout ratio (DPR) is presently 16.48%.

Insiders Place Their Bets

In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the completion of the sale, the vice president now directly owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the transaction, the vice president now owns 252,013 shares in the company, valued at $7,885,486.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 35,603 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock worth $9,015,478 over the last three months. Insiders own 0.63% of the company’s stock.

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.