Earnest Partners LLC Buys 27,960 Shares of BorgWarner Inc. (NYSE:BWA)

Earnest Partners LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,927,415 shares of the auto parts company's stock after acquiring an additional 27,960 shares during the period. Earnest Partners LLC owned approximately 1.80% of BorgWarner worth $124,853,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Truist Financial Corp boosted its stake in shares of BorgWarner by 4.0% in the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock valued at $487,000 after purchasing an additional 595 shares in the last quarter. Norges Bank acquired a new position in BorgWarner in the fourth quarter valued at about $62,180,000. State of Alaska Department of Revenue grew its stake in BorgWarner by 96.3% during the fourth quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after buying an additional 25,475 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of BorgWarner during the fourth quarter worth approximately $1,197,000. Finally, AIA Group Ltd bought a new position in shares of BorgWarner in the fourth quarter valued at approximately $1,599,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BWA shares. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays lowered their price objective on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Guggenheim decreased 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.19.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was 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 approximately $7,284,667.99. This trade 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 ninety days. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

BWA traded up $0.97 during trading on Friday, hitting $29.51. 868,779 shares of the stock traded hands, compared to its average volume of 2,764,315. The business has a 50 day moving average price of $28.04 and a 200 day moving average price of $31.14. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $38.23. 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 issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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%. Equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

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.