Envestnet Portfolio Solutions Inc. Buys 7,722 Shares of BorgWarner Inc. (NYSE:BWA)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of BorgWarner Inc. (NYSE:BWA) by 79.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,487 shares of the auto parts company’s stock after acquiring an additional 7,722 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in BorgWarner were worth $556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in BorgWarner by 786.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,296 shares of the auto parts company’s stock worth $3,095,000 after acquiring an additional 75,671 shares during the last quarter. Commerce Bank grew its holdings in shares of BorgWarner by 7.9% in the third quarter. Commerce Bank now owns 23,459 shares of the auto parts company’s stock valued at $851,000 after purchasing an additional 1,712 shares in the last quarter. Advisors Asset Management Inc. increased its position in BorgWarner by 61.8% in the third quarter. Advisors Asset Management Inc. now owns 16,681 shares of the auto parts company’s stock worth $605,000 after purchasing an additional 6,373 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in BorgWarner by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock valued at $81,553,000 after purchasing an additional 60,935 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in BorgWarner by 19.0% during the third quarter. Cerity Partners LLC now owns 196,413 shares of the auto parts company’s stock valued at $7,128,000 after purchasing an additional 31,374 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Guggenheim set a $38.00 price objective on BorgWarner in a research report on Wednesday, March 5th. TD Cowen cut BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Evercore ISI cut their target price on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, BNP Paribas upgraded BorgWarner from a “neutral” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.06.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $29.56 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The firm has a market cap of $6.49 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The firm’s 50 day simple moving average is $30.27 and its 200-day simple moving average is $32.49. BorgWarner Inc. has a one year low of $27.65 and a one year high of $38.23.

BorgWarner (NYSE:BWA) last issued 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 return on equity of 15.93% and a net margin of 2.40%. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 30.77%.

Insiders Place Their Bets

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

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.