AE Wealth Management LLC Purchases 12,062 Shares of BorgWarner Inc. (NYSE:BWA)

AE Wealth Management LLC grew its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 411,279 shares of the auto parts company's stock after acquiring an additional 12,062 shares during the period. AE Wealth Management LLC owned about 0.19% of BorgWarner worth $11,783,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BWA. Dimensional Fund Advisors LP boosted its holdings in shares of BorgWarner by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after buying an additional 753,344 shares during the last quarter. Invesco Ltd. increased its position in BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after acquiring an additional 628,930 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of BorgWarner by 6.8% during the fourth 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 period. LSV Asset Management boosted its stake in shares of BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after purchasing an additional 792,100 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its holdings in BorgWarner by 7.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 4,078,780 shares of the auto parts company's stock valued at $129,664,000 after buying an additional 267,250 shares during the period. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.83, for a total value of $910,572.88. Following the transaction, the executive vice president directly owned 214,521 shares in the company, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president directly owned 63,445 shares of the company's stock, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

BorgWarner Stock Performance

BWA stock traded down $0.48 during trading on Thursday, hitting $36.06. 1,736,508 shares of the company's stock traded hands, compared to its average volume of 1,768,205. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29. The stock has a fifty day moving average price of $33.84 and a two-hundred day moving average price of $31.02. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.

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 2.06% and a return on equity of 16.13%. The firm had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.22%. BorgWarner's dividend payout ratio is currently 35.20%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Barclays restated an "overweight" rating and set a $45.00 target price (up from $42.00) on shares of BorgWarner in a research note on Wednesday, July 16th. Bank of America raised their price target on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Robert W. Baird upped their price objective on shares of BorgWarner from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, UBS Group lifted their target price on shares of BorgWarner from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $39.07.

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.