BorgWarner Inc. (NYSE:BWA) Stock Holdings Lessened by Moon Capital Management LP

Moon Capital Management LP decreased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,399 shares of the auto parts company's stock after selling 82,520 shares during the period. BorgWarner makes up 0.7% of Moon Capital Management LP's investment portfolio, making the stock its 15th largest holding. Moon Capital Management LP's holdings in BorgWarner were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in BorgWarner during the 4th quarter valued at about $62,180,000. Fuller & Thaler Asset Management Inc. increased its holdings in 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 valued at $41,297,000 after acquiring an additional 1,283,287 shares in the last quarter. LSV Asset Management increased its holdings in BorgWarner by 22.5% during 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 acquiring an additional 792,100 shares in the last quarter. Swedbank AB increased its holdings in BorgWarner by 91.7% during the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock valued at $51,454,000 after acquiring an additional 774,438 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $358,720,000 after acquiring an additional 753,344 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling at BorgWarner

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

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Robert W. Baird lowered their price target on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Barclays lowered their price target 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. UBS Group reiterated a "neutral" rating and set a $31.00 price target (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.19.

BorgWarner Stock Up 0.7 %

NYSE:BWA traded up $0.21 during mid-day trading on Thursday, reaching $28.59. The stock had a trading volume of 671,075 shares, compared to its average volume of 2,771,658. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The stock's 50 day simple moving average is $28.07 and its two-hundred day simple moving average is $31.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly 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 return on equity of 15.93% and a net margin of 2.40%. Equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 1.54%. BorgWarner's payout ratio is currently 30.77%.

BorgWarner 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.