Impax Asset Management Group plc Buys New Shares in BorgWarner Inc. (NYSE:BWA)

Impax Asset Management Group plc bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,543 shares of the auto parts company's stock, valued at approximately $646,000.

Several other large investors have also made changes to their positions in BWA. Norinchukin Bank The boosted its position in shares of BorgWarner by 4.4% during the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock valued at $302,000 after buying an additional 402 shares during the period. Farther Finance Advisors LLC boosted its position in shares of BorgWarner by 26.1% during the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock valued at $56,000 after buying an additional 407 shares during the period. Arizona State Retirement System boosted its position in shares of BorgWarner by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,103 shares of the auto parts company's stock valued at $2,101,000 after buying an additional 498 shares during the period. Janus Henderson Group PLC boosted its position in shares of BorgWarner by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 112,559 shares of the auto parts company's stock valued at $3,580,000 after buying an additional 501 shares during the period. Finally, Global X Japan Co. Ltd. boosted its position in shares of BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after buying an additional 523 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Down 0.7%

BorgWarner stock opened at $35.29 on Monday. The business has a fifty day moving average of $32.51 and a two-hundred day moving average of $30.68. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $7.75 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.55 and a beta of 1.09. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The company 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 business earned $1.03 earnings per share. BorgWarner's 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.25%. BorgWarner's dividend payout ratio is presently 35.20%.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the vice president owned 63,445 shares in the company, valued at approximately $2,109,546.25. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tonit M. Calaway sold 27,736 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the sale, the executive vice president owned 214,521 shares of the company's stock, valued at approximately $7,042,724.43. This represents a 11.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWA. Robert W. Baird boosted their target price on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Guggenheim lowered their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays lowered their price target on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, BNP Paribas upgraded 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. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and an average target price of $37.53.

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.

Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.