AlphaQuest LLC Purchases Shares of 10,412 BorgWarner Inc. $BWA

AlphaQuest LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,412 shares of the auto parts company’s stock, valued at approximately $458,000.

A number of other institutional investors have also modified their holdings of BWA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of BorgWarner by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,411 shares of the auto parts company’s stock valued at $1,889,000 after buying an additional 4,078 shares during the period. CWM LLC boosted its stake in BorgWarner by 218.3% in the third quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock valued at $10,368,000 after acquiring an additional 161,755 shares during the period. Columbia Bank acquired a new position in BorgWarner in the second quarter valued at approximately $239,000. Sivia Capital Partners LLC bought a new position in shares of BorgWarner during the second quarter valued at approximately $339,000. Finally, Merit Financial Group LLC raised its position in shares of BorgWarner by 73.1% during the 3rd quarter. Merit Financial Group LLC now owns 44,395 shares of the auto parts company’s stock worth $1,952,000 after purchasing an additional 18,749 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BWA. Evercore boosted their price objective on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. UBS Group boosted their price target on shares of BorgWarner from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Barclays increased their price objective on shares of BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Zacks Research lowered shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $49.00 price target (up previously from $42.00) on shares of BorgWarner in a research note on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.31.

BorgWarner Price Performance

NYSE BWA opened at $52.23 on Friday. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $52.27. The firm has a market capitalization of $11.17 billion, a PE ratio of 82.91, a P/E/G ratio of 1.02 and a beta of 1.09. The company’s 50 day simple moving average is $46.39 and its 200 day simple moving average is $43.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69.

BorgWarner Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 2nd. BorgWarner’s payout ratio is currently 107.94%.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the transaction, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

BorgWarner Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.