Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,389 Shares of BorgWarner Inc. (NYSE:BWA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BorgWarner Inc. (NYSE:BWA) by 4.4% during the 4th quarter, HoldingsChannel reports. The firm owned 56,900 shares of the auto parts company’s stock after buying an additional 2,389 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BorgWarner were worth $1,809,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BWA. Principal Financial Group Inc. increased its holdings in shares of BorgWarner by 3.0% in the third quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company’s stock worth $9,502,000 after purchasing an additional 7,559 shares during the period. Huntington National Bank grew its position in BorgWarner by 48.2% in the third quarter. Huntington National Bank now owns 2,785 shares of the auto parts company’s stock worth $101,000 after acquiring an additional 906 shares in the last quarter. ING Groep NV purchased a new position in BorgWarner in the third quarter worth $1,105,000. CIBC Asset Management Inc grew its position in BorgWarner by 8.3% in the third quarter. CIBC Asset Management Inc now owns 31,999 shares of the auto parts company’s stock worth $1,161,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in BorgWarner by 16.2% in the third quarter. Natixis Advisors LLC now owns 754,995 shares of the auto parts company’s stock worth $27,398,000 after acquiring an additional 105,247 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BWA shares. Wells Fargo & Company upped their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays cut their price target on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

BorgWarner Price Performance

BWA stock opened at $28.32 on Tuesday. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The company has a market cap of $6.19 billion, a P/E ratio of 19.80, a PEG ratio of 0.77 and a beta of 1.21. The firm has a 50-day moving average of $30.57 and a 200 day moving average of $32.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. On average, sell-side analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is 30.77%.

BorgWarner 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.