Ariel Investments LLC Has $31.84 Million Stake in BorgWarner Inc. (NYSE:BWA)

Ariel Investments LLC cut its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,001,643 shares of the auto parts company's stock after selling 62,552 shares during the quarter. Ariel Investments LLC owned about 0.46% of BorgWarner worth $31,842,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in BorgWarner by 7.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after acquiring an additional 753,344 shares during the period. Invesco Ltd. lifted its holdings in shares of BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after purchasing an additional 628,930 shares during the period. Alliancebernstein L.P. grew its position in 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 buying an additional 381,504 shares during the last quarter. LSV Asset Management increased its stake 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 valued at $136,956,000 after buying an additional 792,100 shares during the period. Finally, Earnest Partners LLC raised its position in 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 buying an additional 27,960 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock valued at $1,347,701 in the last 90 days. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BWA. UBS Group reiterated a "neutral" rating and set a $31.00 price target (down from $38.00) on shares of BorgWarner in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Guggenheim cut their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Robert W. Baird reduced their target price on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and an average target price of $37.00.

BorgWarner Trading Up 4.6 %

BWA stock traded up $1.32 during mid-day trading on Wednesday, reaching $30.32. 3,801,692 shares of the stock traded hands, compared to its average volume of 2,754,006. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $38.23. The stock's fifty day moving average is $28.01 and its 200-day moving average is $30.99. The company has a market cap of $6.66 billion, a P/E ratio of 21.20, a P/E/G ratio of 0.77 and a beta of 1.08. 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 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 $0.97 by $0.14. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company's revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.45%. BorgWarner's payout ratio is 30.77%.

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.