Silvercrest Asset Management Group LLC raised its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,439,068 shares of the auto parts company's stock after acquiring an additional 184,001 shares during the quarter. Silvercrest Asset Management Group LLC owned 1.12% of BorgWarner worth $77,538,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 753,344 shares during the last quarter. Invesco Ltd. grew its position in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after buying an additional 628,930 shares in the last quarter. Alliancebernstein L.P. raised its holdings in BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after purchasing an additional 381,504 shares in the last quarter. LSV Asset Management grew its holdings in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after acquiring an additional 792,100 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Earnest Partners LLC now owns 3,927,415 shares of the auto parts company's stock worth $124,853,000 after purchasing an additional 27,960 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.
Insider Transactions at BorgWarner
In related news, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction on 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 owns 39,110 shares of the company's stock, valued at $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 sold a total of 60,036 shares of company stock worth $1,851,114 over the last quarter. Company insiders own 0.45% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on BWA. Evercore ISI lowered their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Robert W. Baird raised their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Barclays reduced their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim lowered their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $37.47.
Read Our Latest Stock Analysis on BorgWarner
BorgWarner Stock Performance
Shares of BWA stock opened at $33.05 on Friday. The company has a market capitalization of $7.26 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.75. The company's 50 day moving average price is $28.40 and its two-hundred day moving average price is $30.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.
BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $1.03 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.
About BorgWarner
(
Free Report)
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.
Further Reading
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