Albar Capital Partners LLP Invests $2.93 Million in BorgWarner Inc. (NYSE:BWA)

Albar Capital Partners LLP acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 92,018 shares of the auto parts company's stock, valued at approximately $2,925,000. BorgWarner comprises approximately 0.7% of Albar Capital Partners LLP's investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also recently made changes to their positions in BWA. Norges Bank bought a new position in shares of BorgWarner during the fourth quarter valued at about $62,180,000. Fuller & Thaler Asset Management Inc. raised its position in BorgWarner by 8,137.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock valued at $41,297,000 after purchasing an additional 1,283,287 shares during the last quarter. LSV Asset Management lifted its holdings in BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after buying an additional 792,100 shares during the period. Swedbank AB grew its position in shares of BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after buying an additional 774,438 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock valued at $358,720,000 after buying an additional 753,344 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity at BorgWarner

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

BorgWarner Stock Up 0.7 %

Shares of NYSE BWA traded up $0.20 during midday trading on Monday, hitting $29.48. The stock had a trading volume of 2,087,015 shares, compared to its average volume of 2,749,700. The business's 50 day moving average is $28.02 and its 200-day moving average is $31.00. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.48 billion, a P/E ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner's dividend payout ratio is presently 30.77%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BWA shares. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Barclays cut their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and upped their price target for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.