BorgWarner Inc. (NYSE:BWA) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 231.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,466 shares of the auto parts company's stock after buying an additional 63,837 shares during the quarter. Wellington Management Group LLP's holdings in BorgWarner were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after acquiring an additional 753,344 shares during the last quarter. Invesco Ltd. boosted its stake in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after purchasing an additional 628,930 shares in the last quarter. Alliancebernstein L.P. boosted its stake in BorgWarner by 6.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after purchasing an additional 381,504 shares in the last quarter. LSV Asset Management grew its position in BorgWarner by 22.5% during the 4th 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 last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in BorgWarner by 7.0% during the 4th 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 purchasing an additional 267,250 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of NYSE:BWA traded up $0.15 during trading on Friday, hitting $32.31. 1,609,679 shares of the stock traded hands, compared to its average volume of 2,682,107. 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 company has a fifty day moving average price of $29.61 and a two-hundred day moving average price of $30.78. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.29. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 0.77 and a beta of 1.10.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.13. The company had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, equities analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

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 1.36%. BorgWarner's dividend payout ratio (DPR) is presently 35.20%.

Insider Activity

In related news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner 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 now owns 214,521 shares of the company's stock, valued at approximately $7,042,724.43. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isabelle Mckenzie sold 5,000 shares of the company's 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 transaction, the vice president now owns 63,445 shares of the company's stock, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,036 shares of company stock worth $1,326,404 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BWA has been the subject of several research reports. UBS Group lifted their price objective on shares of BorgWarner from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Robert W. Baird increased their price objective on BorgWarner from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley reduced their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BorgWarner presently has an average rating of "Moderate Buy" and an average target price of $37.73.

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.