Sumitomo Mitsui Trust Holdings Inc. Purchases 59,925 Shares of BorgWarner Inc. (NYSE:BWA)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 699,974 shares of the auto parts company's stock after acquiring an additional 59,925 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of BorgWarner worth $25,094,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BWA. Victory Capital Management Inc. grew its stake in BorgWarner by 1.2% in the third quarter. Victory Capital Management Inc. now owns 8,719,779 shares of the auto parts company's stock worth $352,017,000 after purchasing an additional 106,453 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in BorgWarner by 3.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 5,463,487 shares of the auto parts company's stock worth $220,561,000 after purchasing an additional 166,007 shares in the last quarter. Boston Partners grew its stake in BorgWarner by 58.9% in the third quarter. Boston Partners now owns 5,267,500 shares of the auto parts company's stock worth $211,762,000 after purchasing an additional 1,951,783 shares in the last quarter. Invesco Ltd. grew its stake in BorgWarner by 30.4% in the third quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company's stock worth $177,591,000 after purchasing an additional 1,024,361 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in BorgWarner by 18.3% in the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company's stock worth $169,132,000 after purchasing an additional 648,633 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWA has been the subject of a number of research reports. Piper Sandler initiated coverage on BorgWarner in a research note on Friday, March 15th. They issued an "overweight" rating and a $43.00 target price for the company. JPMorgan Chase & Co. decreased their target price on BorgWarner from $59.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, January 25th. Robert W. Baird downgraded BorgWarner from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $45.00 to $39.00 in a research note on Wednesday, January 3rd. Barclays lifted their target price on BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company decreased their target price on BorgWarner from $47.00 to $43.00 and set an "overweight" rating for the company in a research note on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.30.

BorgWarner Price Performance

BorgWarner stock traded up $0.29 during mid-day trading on Monday, hitting $33.09. The company's stock had a trading volume of 1,895,831 shares, compared to its average volume of 2,885,639. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $7.60 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.98 and a beta of 1.30. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $50.04. The stock's fifty day moving average price is $32.53 and its two-hundred day moving average price is $34.04.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.03). The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Research analysts forecast that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 1.33%. BorgWarner's dividend payout ratio (DPR) is 16.48%.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares of the company's stock, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total transaction of $93,870.00. Following the completion of the transaction, the vice president now owns 252,013 shares of the company's stock, valued at approximately $7,885,486.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the transaction, the chief accounting officer now directly owns 83,348 shares of the company's stock, valued at approximately $2,679,638.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 287,503 shares of company stock worth $9,015,478. Corporate insiders own 0.63% of the company's stock.

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.