Ameriprise Financial Inc. Has $12.97 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Ameriprise Financial Inc. trimmed its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 407,706 shares of the auto parts company's stock after selling 13,838 shares during the period. Ameriprise Financial Inc. owned 0.19% of BorgWarner worth $12,971,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BWA. Norges Bank acquired a new stake in BorgWarner during the fourth quarter worth approximately $62,180,000. Fuller & Thaler Asset Management Inc. raised 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 during the period. LSV Asset Management lifted 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 worth $136,956,000 after purchasing an additional 792,100 shares in the last quarter. Swedbank AB boosted its holdings in BorgWarner by 91.7% in the 4th quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock valued at $51,454,000 after purchasing an additional 774,438 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock valued at $358,720,000 after purchasing an additional 753,344 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at approximately $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. Insiders have sold 65,036 shares of company stock valued at $2,017,364 over the last three months. 0.63% of the stock is owned by insiders.

BorgWarner Price Performance

Shares of BWA traded up $0.22 during midday trading on Thursday, reaching $32.93. The stock had a trading volume of 2,298,012 shares, compared to its average volume of 2,762,126. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The company has a market capitalization of $7.23 billion, a P/E ratio of 23.02, a P/E/G ratio of 0.77 and a beta of 1.08. The firm's 50 day moving average price is $28.77 and its 200-day moving average price is $30.90. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly 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 company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business posted $1.03 EPS. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.34%. BorgWarner's payout ratio is presently 35.20%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWA. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 18th. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, March 7th. Morgan Stanley dropped their price objective on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Guggenheim dropped their price objective on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and an average price target of $37.73.

BorgWarner Company 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.