Yousif Capital Management LLC Raises Holdings in BorgWarner Inc. (NYSE:BWA)

Yousif Capital Management LLC increased its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 157.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,879 shares of the auto parts company's stock after buying an additional 54,333 shares during the period. Yousif Capital Management LLC's holdings in BorgWarner were worth $2,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of BorgWarner during the 4th quarter worth approximately $62,180,000. Bank of America Corp DE raised its stake in BorgWarner by 91.9% during the fourth 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 purchasing an additional 1,857,907 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in BorgWarner by 8,137.5% during 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 purchasing an additional 1,283,287 shares during the last quarter. LSV Asset Management grew its stake in shares of BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after buying an additional 792,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BorgWarner by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,284,040 shares of the auto parts company's stock worth $358,720,000 after buying an additional 753,344 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Guggenheim lowered their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of BorgWarner in a report on Thursday, May 22nd. TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, March 7th. Finally, 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. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.73.

BorgWarner Price Performance

BorgWarner stock opened at $33.09 on Friday. 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 market cap of $7.27 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. The firm has a 50-day moving average of $30.37 and a two-hundred day moving average of $30.72. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $37.29.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.33%. BorgWarner's payout ratio is 35.20%.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the vice president now owns 63,445 shares in the company, valued at $2,109,546.25. This represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.63% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.