Jackson Creek Investment Advisors LLC Takes $1.88 Million Position in BorgWarner Inc. $BWA

Jackson Creek Investment Advisors LLC purchased a new position in BorgWarner Inc. (NYSE:BWA) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 42,681 shares of the auto parts company’s stock, valued at approximately $1,876,000.

A number of other large investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its holdings in BorgWarner by 23.7% in the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock worth $257,000 after acquiring an additional 1,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of BorgWarner in the 2nd quarter worth about $339,000. Truist Financial Corp boosted its stake in BorgWarner by 7.0% in the 2nd quarter. Truist Financial Corp now owns 17,336 shares of the auto parts company’s stock worth $580,000 after purchasing an additional 1,134 shares in the last quarter. PFG Investments LLC purchased a new stake in BorgWarner during the 2nd quarter valued at about $249,000. Finally, Hilltop National Bank purchased a new stake in BorgWarner during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Activity

In other news, VP Stefan Demmerle sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the vice president owned 204,040 shares of the company’s stock, valued at $9,385,840. This represents a 2.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lifted their target price 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 report on Monday, October 13th. Evercore ISI increased their target price on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on BorgWarner from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.31.

BorgWarner Price Performance

NYSE BWA opened at $48.11 on Tuesday. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 0.96 and a beta of 1.09. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $49.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The business’s fifty day moving average price is $45.81 and its 200-day moving average price is $43.41.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. BorgWarner’s dividend payout ratio (DPR) is presently 107.94%.

About BorgWarner

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.