Quantinno Capital Management LP Acquires 17,358 Shares of BorgWarner Inc. (NYSE:BWA)

Quantinno Capital Management LP grew its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,014 shares of the auto parts company's stock after buying an additional 17,358 shares during the period. Quantinno Capital Management LP's holdings in BorgWarner were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC lifted its holdings in BorgWarner by 1,515.0% in the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after buying an additional 909 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of BorgWarner during the 4th quarter valued at about $45,000. Avior Wealth Management LLC grew its stake in BorgWarner by 31.3% during 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 during the period. Kapitalo Investimentos Ltda acquired a new stake in BorgWarner during the fourth quarter worth approximately $48,000. Finally, Quarry LP increased its holdings in 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 institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BWA. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Evercore ISI decreased their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Guggenheim reduced their price target on shares of BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group increased their price objective on BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, BorgWarner presently has an average rating of "Moderate Buy" and a consensus price target of $37.73.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $0.28 during trading on Friday, hitting $32.68. 2,254,294 shares of the company were exchanged, compared to its average volume of 2,767,321. The company has a market cap of $7.18 billion, a PE ratio of 22.85, a P/E/G ratio of 0.77 and a beta of 1.08. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. 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 stock has a 50 day moving average of $28.93 and a 200 day moving average of $30.83.

BorgWarner (NYSE:BWA - Get Free Report) last issued its 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. The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.39 billion. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,036 shares of company stock worth $2,017,364 over the last ninety days. 0.63% of the stock is owned by corporate insiders.

BorgWarner 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.