BorgWarner Inc. (BWA) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its holdings in BorgWarner Inc. (NYSE:BWA) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,200 shares of the auto parts company’s stock after purchasing an additional 2,600 shares during the period. Leavell Investment Management Inc.’s holdings in BorgWarner were worth $777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zeke Capital Advisors LLC purchased a new position in BorgWarner during the third quarter worth approximately $201,000. Dorsey & Whitney Trust CO LLC purchased a new position in BorgWarner during the third quarter worth approximately $202,000. Rothschild Investment Corp IL purchased a new position in BorgWarner during the third quarter worth approximately $205,000. Reliance Trust Co. of Delaware purchased a new position in BorgWarner during the third quarter worth approximately $213,000. Finally, Savant Capital LLC purchased a new position in BorgWarner during the third quarter worth approximately $213,000. 95.15% of the stock is currently owned by institutional investors.

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

A number of brokerages recently commented on BWA. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Thursday. Royal Bank of Canada reissued a “hold” rating and set a $61.00 target price on shares of BorgWarner in a research note on Wednesday, December 20th. Oppenheimer started coverage on BorgWarner in a research note on Thursday, December 7th. They set an “outperform” rating and a $63.00 target price for the company. BMO Capital Markets raised their target price on BorgWarner from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, Citigroup raised their target price on BorgWarner from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.88.

Shares of BorgWarner Inc. (NYSE BWA) opened at $55.91 on Friday. BorgWarner Inc. has a one year low of $37.54 and a one year high of $56.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.43. The stock has a market capitalization of $11,790.00, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.76.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. equities analysts expect that BorgWarner Inc. will post 3.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from BorgWarner’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. BorgWarner’s payout ratio 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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