AQR Capital Management LLC Decreases Stock Position in BorgWarner Inc. (NYSE:BWA)

AQR Capital Management LLC decreased its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 839,848 shares of the auto parts company's stock after selling 68,920 shares during the quarter. AQR Capital Management LLC owned approximately 0.38% of BorgWarner worth $26,690,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Northern Trust Corp increased its position in shares of BorgWarner by 12.7% in the fourth quarter. Northern Trust Corp now owns 2,068,863 shares of the auto parts company's stock valued at $65,769,000 after buying an additional 233,864 shares in the last quarter. Quarry LP lifted its holdings in BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after acquiring an additional 959 shares during the last quarter. Earnest Partners LLC boosted its position in shares of BorgWarner by 0.7% during 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 during the period. Aquatic Capital Management LLC acquired a new position in BorgWarner during the 4th quarter worth about $1,062,000. Finally, Oxford Asset Management LLP purchased a new position in shares of BorgWarner in the fourth quarter valued at approximately $371,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the transaction, the chief accounting officer now directly owns 259,310 shares in the company, valued at $7,820,789.60. The trade was a 4.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 over the last quarter. Insiders own 0.45% of the company's stock.

BorgWarner Price Performance

BWA traded down $0.48 during trading on Tuesday, reaching $28.97. 3,044,575 shares of the company traded hands, compared to its average volume of 2,749,814. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company has a market cap of $6.37 billion, a P/E ratio of 20.26, a PEG ratio of 0.77 and a beta of 1.08. The firm has a fifty day simple moving average of $28.01 and a 200 day simple moving average of $30.99. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23.

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

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.52%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Barclays reduced their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. UBS Group reiterated a "neutral" rating and issued a $31.00 target price (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Finally, StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.00.

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.