Bessemer Group Inc. Has $82,000 Holdings in BorgWarner Inc. (NYSE:BWA)

Bessemer Group Inc. cut its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 93.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,853 shares of the auto parts company's stock after selling 38,551 shares during the period. Bessemer Group Inc.'s holdings in BorgWarner were worth $82,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 753,344 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after purchasing an additional 628,930 shares during the last quarter. Alliancebernstein L.P. raised its position in BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after purchasing an additional 381,504 shares in the last quarter. LSV Asset Management grew its stake 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 buying an additional 792,100 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its stake in shares of BorgWarner by 7.0% in 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 in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America raised their price objective on BorgWarner from $35.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, June 16th. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $31.00 to $34.00 in a report on Thursday, April 10th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Robert W. Baird raised their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Barclays decreased their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.53.

Insider Transactions at BorgWarner

In related news, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction on 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 owned 63,445 shares of the company's stock, valued at $2,109,546.25. The trade was a 7.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the completion of the transaction, the executive vice president directly owned 214,521 shares of the company's stock, 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. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Performance

NYSE BWA traded down $0.25 on Friday, hitting $35.29. 1,005,505 shares of the company's stock traded hands, compared to its average volume of 2,725,826. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. The firm's 50-day moving average price is $32.51 and its two-hundred day moving average price is $30.70. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29. The firm has a market capitalization of $7.75 billion, a PE ratio of 28.23, a P/E/G ratio of 1.55 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.39 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.25%. BorgWarner's dividend payout ratio is currently 35.20%.

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.