BI Asset Management Fondsmaeglerselskab A S Invests $588,000 in BorgWarner Inc. (NYSE:BWA)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,509 shares of the auto parts company's stock, valued at approximately $588,000.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP boosted 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 worth $358,720,000 after buying an additional 753,344 shares during the period. Invesco Ltd. lifted its position in BorgWarner by 10.2% during the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after acquiring an additional 628,930 shares during the period. Alliancebernstein L.P. grew its stake in shares of BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after purchasing an additional 381,504 shares during the last quarter. LSV Asset Management increased its holdings in shares of BorgWarner by 22.5% in the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of BorgWarner by 20.5% during the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock worth $116,230,000 after purchasing an additional 621,243 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BWA. Morgan Stanley dropped their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Guggenheim cut their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a report on Tuesday, March 18th. Evercore ISI dropped 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, Barclays reduced their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.19.

BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.20 during midday trading on Tuesday, hitting $28.50. 299,015 shares of the stock were exchanged, compared to its average volume of 2,777,707. The stock has a market cap of $6.26 billion, a P/E ratio of 19.92, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. The company has a 50 day moving average price of $28.11 and a 200-day moving average price of $31.22. 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 announced its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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, research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. 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 8,300 shares of BorgWarner stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

BorgWarner Company 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.