Aquatic Capital Management LLC Makes New $1.06 Million Investment in BorgWarner Inc. (NYSE:BWA)

Aquatic Capital Management LLC bought a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 33,409 shares of the auto parts company's stock, valued at approximately $1,062,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oxford Asset Management LLP bought a new position in shares of BorgWarner during the fourth quarter valued at approximately $371,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in BorgWarner during the 4th quarter valued at $1,876,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of BorgWarner by 111.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 454,306 shares of the auto parts company's stock valued at $14,442,000 after acquiring an additional 239,600 shares during the period. CSM Advisors LLC raised its position in shares of BorgWarner by 2.8% in the 4th quarter. CSM Advisors LLC now owns 54,924 shares of the auto parts company's stock worth $1,746,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in shares of 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 worth $41,297,000 after purchasing an additional 1,283,287 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Piper Sandler dropped their target price on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, Morgan Stanley decreased their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

BorgWarner Price Performance

BWA traded down $0.20 during trading on Tuesday, hitting $29.25. The company's stock had a trading volume of 424,263 shares, compared to its average volume of 2,740,676. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 0.77 and a beta of 1.08. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. The business's fifty day simple moving average is $28.02 and its 200 day simple moving average is $31.00. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping 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, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The company 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 1.50%. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,800 shares of company stock worth $1,347,701. 0.45% of the stock is owned by corporate insiders.

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.