Brevan Howard Capital Management LP Buys Shares of 53,285 BorgWarner Inc. (NYSE:BWA)

Brevan Howard Capital Management LP acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 53,285 shares of the auto parts company's stock, valued at approximately $1,694,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC lifted its position in BorgWarner by 14.7% in the third quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock valued at $16,092,000 after purchasing an additional 56,988 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner in the third quarter worth $62,000. Franklin Resources Inc. raised its holdings in BorgWarner by 292.9% during the 3rd quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock valued at $8,986,000 after buying an additional 189,081 shares during the last quarter. Principal Financial Group Inc. boosted its position in BorgWarner by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 261,840 shares of the auto parts company's stock valued at $9,502,000 after buying an additional 7,559 shares during the period. Finally, First Hawaiian Bank grew its holdings in BorgWarner by 30.8% in the 4th quarter. First Hawaiian Bank now owns 22,812 shares of the auto parts company's stock worth $725,000 after acquiring an additional 5,378 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a report on Tuesday, March 18th. Piper Sandler cut their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group upgraded shares of BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Finally, Barclays decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.47.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred 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 approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

BorgWarner Stock Up 1.8 %

NYSE:BWA traded up $0.56 during trading hours on Friday, reaching $31.70. 2,384,544 shares of the company traded hands, compared to its average volume of 2,754,690. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $28.13 and its two-hundred day moving average price is $30.94. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23. The stock has a market capitalization of $6.96 billion, a P/E ratio of 22.17, a P/E/G ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. BorgWarner's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Analysts predict 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. Shareholders 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 1.39%. BorgWarner's dividend payout ratio is 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.