Deprince Race & Zollo Inc. Has $19.07 Million Position in BorgWarner Inc. (NYSE:BWA)

Deprince Race & Zollo Inc. lessened its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 599,852 shares of the auto parts company's stock after selling 542,558 shares during the quarter. Deprince Race & Zollo Inc. owned 0.27% of BorgWarner worth $19,069,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dean Capital Management grew its position in BorgWarner by 14.2% during the fourth quarter. Dean Capital Management now owns 55,445 shares of the auto parts company's stock valued at $1,763,000 after buying an additional 6,907 shares during the period. EP Wealth Advisors LLC lifted its holdings in BorgWarner by 5.8% during the fourth quarter. EP Wealth Advisors LLC now owns 10,562 shares of the auto parts company's stock valued at $336,000 after purchasing an additional 578 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of BorgWarner by 78.6% in the fourth quarter. Cetera Investment Advisers now owns 37,521 shares of the auto parts company's stock worth $1,193,000 after acquiring an additional 16,518 shares during the last quarter. Centiva Capital LP acquired a new position in BorgWarner during the fourth quarter worth $989,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of BorgWarner in the 4th quarter worth $1,694,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BWA. Robert W. Baird raised their price objective on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Morgan Stanley lowered their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Evercore ISI reduced their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.47.

BorgWarner Stock Down 0.7%

NYSE BWA traded down $0.24 on Wednesday, reaching $32.89. The stock had a trading volume of 1,118,010 shares, compared to its average volume of 3,196,549. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 0.77 and a beta of 1.08. The business has a 50 day moving average price of $28.28 and a 200 day moving average price of $30.91. 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 Inc. has a 1 year low of $24.40 and a 1 year high of $37.97.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.34%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated 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 represents a 38.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president now owns 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,036 shares of company stock valued at $1,851,114. 0.45% of the stock is owned by company insiders.

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.