Brown Advisory Inc. Makes New $522,000 Investment in BorgWarner Inc. (NYSE:BWA)

Brown Advisory Inc. purchased a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,213 shares of the auto parts company's stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position 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 valued at $358,720,000 after buying an additional 753,344 shares during the last quarter. Invesco Ltd. lifted its stake in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after purchasing an additional 628,930 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of BorgWarner by 6.8% during the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after purchasing an additional 381,504 shares during the last quarter. LSV Asset Management grew its position in shares of BorgWarner by 22.5% in 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 in the last quarter. Finally, Turtle Creek Asset Management Inc. increased its holdings 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 purchasing an additional 267,250 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Trading Up 0.9%

BorgWarner stock traded up $0.31 during midday trading on Thursday, reaching $35.48. 2,487,592 shares of the stock traded hands, compared to its average volume of 2,698,673. The firm has a market cap of $7.80 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. 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 company has a 50-day simple moving average of $33.52 and a two-hundred day simple moving average of $30.88. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $37.29.

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 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 analysts' expectations of $3.39 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business's quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business 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 1.24%. BorgWarner's payout ratio is currently 35.20%.

Insiders Place Their Bets

In related news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 214,521 shares of the company's stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BWA. Wells Fargo & Company boosted their price objective on BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. 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. Wall Street Zen raised shares of BorgWarner from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 12th. Guggenheim dropped their price target 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, Barclays reaffirmed an "overweight" rating and set a $45.00 price target (up previously from $42.00) on shares of BorgWarner in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.07.

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.