First Hawaiian Bank Acquires 5,378 Shares of BorgWarner Inc. (NYSE:BWA)

First Hawaiian Bank lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA) by 30.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,812 shares of the auto parts company’s stock after acquiring an additional 5,378 shares during the quarter. First Hawaiian Bank’s holdings in BorgWarner were worth $725,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company’s stock worth $1,003,000 after acquiring an additional 394 shares during the period. Mirabella Financial Services LLP bought a new stake in BorgWarner in the 3rd quarter valued at $908,000. Swedbank AB boosted its stake in BorgWarner by 236.5% in the 3rd quarter. Swedbank AB now owns 844,112 shares of the auto parts company’s stock valued at $30,633,000 after purchasing an additional 593,265 shares during the period. HITE Hedge Asset Management LLC boosted its stake in BorgWarner by 28.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company’s stock valued at $10,536,000 after purchasing an additional 64,126 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in BorgWarner by 191.2% in the 2nd quarter. Edgestream Partners L.P. now owns 193,733 shares of the auto parts company’s stock valued at $6,246,000 after purchasing an additional 127,212 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BorgWarner news, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.47, for a total value of $698,569.02. Following the sale, the executive vice president now owns 32,366 shares in the company, valued at approximately $1,115,656.02. The trade was a 38.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 222,010 shares of company stock valued at $7,678,076 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on BorgWarner from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Evercore ISI raised BorgWarner from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $43.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group dropped their price objective on BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.07.

BorgWarner Price Performance

BorgWarner stock opened at $31.01 on Friday. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $38.22. The stock has a fifty day moving average of $33.42 and a 200-day moving average of $33.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84. The stock has a market capitalization of $6.78 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.42%. BorgWarner’s payout ratio is presently 11.17%.

About BorgWarner

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.