Marshall Wace LLP Grows Position in BorgWarner Inc. (NYSE:BWA)

Marshall Wace LLP increased its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 373.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,734 shares of the auto parts company's stock after acquiring an additional 25,037 shares during the quarter. Marshall Wace LLP's holdings in BorgWarner were worth $1,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BWA. Barclays PLC lifted its holdings in shares of BorgWarner by 14.7% in the 3rd quarter. Barclays PLC now owns 443,476 shares of the auto parts company's stock valued at $16,092,000 after acquiring an additional 56,988 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of BorgWarner by 8.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,100 shares of the auto parts company's stock valued at $258,000 after purchasing an additional 550 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner in the 3rd quarter worth approximately $62,000. Peapack Gladstone Financial Corp increased its position in shares of BorgWarner by 2.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 107,336 shares of the auto parts company's stock valued at $3,896,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in BorgWarner by 292.9% during the third quarter. Franklin Resources Inc. now owns 253,625 shares of the auto parts company's stock valued at $8,986,000 after acquiring an additional 189,081 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

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

BorgWarner Price Performance

BWA stock traded up $0.76 during mid-day trading on Friday, reaching $29.30. The company's stock had a trading volume of 2,187,334 shares, compared to its average volume of 2,752,363. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.44 billion, a PE ratio of 20.49, a P/E/G ratio of 0.77 and a beta of 1.12. The company's 50 day moving average is $28.03 and its two-hundred day moving average is $31.07.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.50%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler dropped their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Guggenheim lowered their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird dropped their price target on BorgWarner from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Evercore ISI decreased their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and an average target price of $37.00.

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.