Todd Asset Management LLC Has $28.59 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Todd Asset Management LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 797,596 shares of the auto parts company's stock after acquiring an additional 115,630 shares during the quarter. Todd Asset Management LLC owned 0.34% of BorgWarner worth $28,594,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in BorgWarner in the third quarter valued at about $28,000. Sound Income Strategies LLC acquired a new position in BorgWarner in the fourth quarter valued at approximately $32,000. Bruce G. Allen Investments LLC acquired a new position in BorgWarner in the fourth quarter valued at approximately $33,000. Trust Co. of Vermont boosted its stake in BorgWarner by 49,000.0% in the third quarter. Trust Co. of Vermont now owns 982 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 980 shares during the period. Finally, NBC Securities Inc. acquired a new position in BorgWarner in the third quarter valued at approximately $51,000. 95.67% of the stock is owned by institutional investors.

BorgWarner Price Performance

NYSE:BWA traded up $0.81 during midday trading on Friday, hitting $36.44. 4,825,565 shares of the stock were exchanged, compared to its average volume of 2,527,433. BorgWarner Inc. has a one year low of $29.51 and a one year high of $50.04. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.09 and a beta of 1.30. The business has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $33.69. The company has a current ratio of 1.54, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.87 by $0.16. The firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. Sell-side analysts predict that BorgWarner Inc. will post 3.94 EPS for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. BorgWarner's dividend payout ratio is currently 16.67%.

Analyst Ratings Changes

BWA has been the subject of a number of research reports. Oppenheimer lifted their target price on BorgWarner from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company lifted their target price on BorgWarner from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. Piper Sandler assumed 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. BNP Paribas downgraded BorgWarner from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Finally, TheStreet downgraded BorgWarner from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.93.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, 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 sale, the vice president now directly owns 249,013 shares of the company's stock, valued at approximately $8,217,429. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now directly owns 455,227 shares in the company, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,503 shares of company stock valued at $9,015,478. Corporate 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.