UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $26.27 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 826,360 shares of the auto parts company's stock after buying an additional 95,464 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.38% of BorgWarner worth $26,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Woodline Partners LP acquired a new position in BorgWarner during the 4th quarter valued at $418,000. Vivaldi Capital Management LP acquired a new position in BorgWarner during the 4th quarter valued at $14,052,000. Twinbeech Capital LP acquired a new position in shares of BorgWarner during the fourth quarter valued at about $436,000. Two Sigma Investments LP raised its position in shares of BorgWarner by 2.4% during the fourth quarter. Two Sigma Investments LP now owns 88,078 shares of the auto parts company's stock valued at $2,800,000 after buying an additional 2,078 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its position in shares of BorgWarner by 7.0% during 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 buying an additional 267,250 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on BWA shares. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Wells Fargo & Company increased their target price on shares of BorgWarner from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. UBS Group raised their target price on BorgWarner from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Morgan Stanley lowered their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.73.

Insider Activity

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 now directly owns 214,521 shares in the company, valued at $7,042,724.43. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at $1,125,976.90. This represents 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 valued at $2,017,364 over the last three months. Insiders own 0.45% of the company's stock.

BorgWarner Stock Down 1.0%

BWA traded down $0.33 during trading hours on Friday, hitting $33.12. 2,020,989 shares of the company's stock were exchanged, compared to its average volume of 2,690,549. The stock's 50-day moving average is $29.34 and its two-hundred day moving average is $30.81. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $37.29. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 0.77 and a beta of 1.08.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. The company 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 for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. BorgWarner's payout ratio is 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.