BorgWarner Inc. (NYSE:BWA) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 19.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 988,324 shares of the auto parts company's stock after purchasing an additional 162,176 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.45% of BorgWarner worth $28,315,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in BorgWarner in the 4th quarter valued at $62,180,000. Bank of America Corp DE lifted its stake in shares of BorgWarner by 91.9% in the 4th quarter. Bank of America Corp DE now owns 3,878,932 shares of the auto parts company's stock valued at $123,311,000 after acquiring an additional 1,857,907 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of BorgWarner by 8,137.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,299,057 shares of the auto parts company's stock valued at $41,297,000 after buying an additional 1,283,287 shares during the period. LSV Asset Management lifted its holdings in shares of BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after purchasing an additional 792,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BWA shares. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Barclays reduced their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird increased their target price on shares of BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, March 7th. Finally, Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.53.

Insider Transactions at BorgWarner

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

BorgWarner Stock Performance

NYSE:BWA traded up $1.31 during mid-day trading on Tuesday, hitting $34.79. The company's stock had a trading volume of 2,917,369 shares, compared to its average volume of 2,722,084. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $37.29. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.47 and a beta of 1.09. The business's fifty day moving average is $32.07 and its two-hundred day moving average is $30.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. BorgWarner's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. BorgWarner's dividend payout ratio (DPR) is presently 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.