Gotham Asset Management LLC Buys 121,859 Shares of BorgWarner Inc. (NYSE:BWA)

Gotham Asset Management LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,569 shares of the auto parts company's stock after purchasing an additional 121,859 shares during the quarter. Gotham Asset Management LLC owned 0.17% of BorgWarner worth $11,971,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner during the 4th quarter worth approximately $45,000. Avior Wealth Management LLC grew its position in BorgWarner by 31.3% in 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 in the last quarter. Kapitalo Investimentos Ltda bought a new position in BorgWarner in the fourth quarter valued at $48,000. Quarry LP increased its stake in BorgWarner by 110.6% in the 4th quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after buying an additional 959 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of BorgWarner during the 4th quarter worth about $59,000. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

BWA traded up $0.13 on Thursday, reaching $33.05. The company had a trading volume of 2,752,232 shares, compared to its average volume of 2,764,098. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 52-week low of $24.40 and a 52-week high of $37.97. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 0.77 and a beta of 1.08. The business has a 50 day simple moving average of $28.34 and a 200 day simple moving average of $30.93.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results 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. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

Insider Buying and Selling

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,036 shares of company stock worth $1,851,114 in the last quarter. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

BWA has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Robert W. Baird lifted their price target on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Barclays dropped their price objective on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.47.

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.