First Trust Advisors LP Acquires 255,586 Shares of BorgWarner Inc. (NYSE:BWA)

First Trust Advisors LP increased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 922,159 shares of the auto parts company's stock after buying an additional 255,586 shares during the period. First Trust Advisors LP owned 0.42% of BorgWarner worth $29,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BWA. Resona Asset Management Co. Ltd. purchased a new position in BorgWarner during the 4th quarter valued at about $45,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of BorgWarner in the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of BorgWarner in the 3rd quarter worth approximately $62,000. Finally, Principal Securities Inc. increased its position in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after buying an additional 720 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 in the last ninety days. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BWA. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, March 7th. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Evercore ISI dropped their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Barclays lowered their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.19.

BorgWarner Price Performance

Shares of BWA stock traded up $0.22 during trading hours on Thursday, hitting $28.60. The stock had a trading volume of 351,881 shares, compared to its average volume of 2,770,304. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 0.77 and a beta of 1.12. The stock's 50-day moving average price is $28.07 and its two-hundred day moving average price is $31.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a one year low of $24.40 and a one year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.54%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

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.