Russell Investments Group Ltd. Acquires 274,045 Shares of BorgWarner Inc. (NYSE:BWA)

Russell Investments Group Ltd. boosted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 97.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 553,926 shares of the auto parts company's stock after purchasing an additional 274,045 shares during the period. Russell Investments Group Ltd. owned 0.24% of BorgWarner worth $19,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Headlands Technologies LLC bought a new stake in BorgWarner in the third quarter worth $28,000. Sound Income Strategies LLC acquired a new position in BorgWarner during the 4th quarter worth $32,000. Bruce G. Allen Investments LLC acquired a new position in BorgWarner during the 4th quarter worth $33,000. Trust Co. of Vermont lifted its position in BorgWarner by 49,000.0% during the 3rd quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company's stock worth $40,000 after acquiring an additional 980 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of BorgWarner during the third quarter valued at about $51,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TheStreet lowered shares of BorgWarner from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th. Barclays upped their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Oppenheimer lifted their price objective on BorgWarner from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday. Wells Fargo & Company lifted their price objective on BorgWarner from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on BorgWarner from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Friday. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.93.

BorgWarner Trading Up 2.3 %

BWA stock traded up $0.81 during trading on Friday, hitting $36.44. The company had a trading volume of 4,823,602 shares, compared to its average volume of 2,896,684. 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 firm has a 50-day moving average price of $32.98 and a 200-day moving average price of $33.79. BorgWarner Inc. has a 12 month low of $29.51 and a 12 month high of $50.04. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.98 and a beta of 1.30.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter in the previous year, the company posted $1.09 EPS. BorgWarner's revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that BorgWarner Inc. will post 3.9 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, June 3rd. BorgWarner's dividend payout ratio is presently 16.48%.

Insiders Place Their Bets

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of BorgWarner stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares of the company's stock, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Volker Weng sold 20,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares of the company's stock, valued at approximately $3,678,017.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stefan Demmerle sold 3,000 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares of the company's stock, valued at approximately $8,217,429. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,503 shares of company stock valued at $9,015,478. Company insiders own 0.45% of the company's stock.

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.