Victory Capital Management Inc. Has $346.61 Million Position in BorgWarner Inc. (NYSE:BWA)

Victory Capital Management Inc. grew its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,668,438 shares of the auto parts company's stock after buying an additional 948,659 shares during the period. Victory Capital Management Inc. owned 4.11% of BorgWarner worth $346,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BWA. Diamond Hill Capital Management Inc. boosted 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 valued at $220,561,000 after acquiring an additional 166,007 shares in the last quarter. Boston Partners grew its stake in BorgWarner by 58.9% during the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company's stock worth $211,762,000 after buying an additional 1,951,783 shares during the last quarter. Invesco Ltd. lifted 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 valued at $177,591,000 after buying an additional 1,024,361 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 valued at $169,132,000 after acquiring an additional 648,633 shares during the period. Finally, Earnest Partners LLC increased its holdings in shares of BorgWarner by 6.4% in the 3rd quarter. Earnest Partners LLC now owns 2,956,094 shares of the auto parts company's stock valued at $119,338,000 after acquiring an additional 178,378 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total transaction of $657,000.00. Following the sale, the vice president now owns 111,964 shares of the company's stock, valued at approximately $3,678,017.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonit M. Calaway sold 35,603 shares of BorgWarner stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $32.15, for a total value of $1,144,636.45. Following the sale, the chief accounting officer now directly owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 287,503 shares of company stock worth $9,015,478. 0.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BWA. Piper Sandler began coverage on shares of BorgWarner in a report on Friday, March 15th. They issued an "overweight" rating and a $43.00 target price for the company. StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. The Goldman Sachs Group decreased their target price on shares of BorgWarner from $38.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, February 9th. Robert W. Baird downgraded shares of BorgWarner from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $45.00 to $39.00 in a report on Wednesday, January 3rd. Finally, TheStreet cut shares of BorgWarner from a "b-" rating to a "c+" rating in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.30.

BorgWarner Trading Up 0.3 %

Shares of BWA stock traded up $0.10 during trading hours on Wednesday, hitting $32.87. 3,658,081 shares of the company were exchanged, compared to its average volume of 2,849,945. BorgWarner Inc. has a 1 year low of $29.51 and a 1 year high of $50.04. The firm has a fifty day moving average of $32.82 and a 200 day moving average of $33.78. The firm has a market cap of $7.55 billion, a PE ratio of 12.37, a PEG ratio of 1.01 and a beta of 1.31. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Analysts expect that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner's dividend payout ratio is currently 16.48%.

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.