MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Holdings in BorgWarner Inc. (NYSE:BWA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,888 shares of the auto parts company's stock after purchasing an additional 63,033 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of BorgWarner worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC increased its stake in shares of BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner in the fourth quarter worth $45,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of BorgWarner in the fourth quarter worth $48,000. Finally, Quarry LP increased its stake in shares of BorgWarner by 110.6% in the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock worth $58,000 after purchasing an additional 959 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Trading Down 0.8%

Shares of BorgWarner stock traded down $0.28 during trading on Friday, hitting $32.68. The stock had a trading volume of 2,254,294 shares, compared to its average volume of 2,767,321. The firm's fifty day simple moving average is $28.93 and its 200-day simple moving average is $30.86. The stock has a market cap of $7.18 billion, a PE ratio of 22.85, a PEG ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. 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 released its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.13. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner's dividend payout ratio is presently 35.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective for the company in a research note on Tuesday, March 18th. Morgan Stanley cut their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a research note on Thursday. Finally, Robert W. Baird raised their target price on shares of BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. 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 MarketBeat, BorgWarner currently has a consensus rating of "Moderate Buy" and an average target price of $37.73.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the firm'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 transaction, the vice president now directly owns 63,445 shares in the company, valued at $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,036 shares of company stock valued at $2,017,364 in the last 90 days. Company insiders own 0.63% of the company's stock.

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.