Boston Partners Lowers Holdings in BorgWarner Inc. (NYSE:BWA)

Boston Partners lessened its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,348,080 shares of the auto parts company's stock after selling 2,919,420 shares during the period. Boston Partners owned 1.00% of BorgWarner worth $83,908,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in BorgWarner in the 3rd quarter worth $28,000. EdgeRock Capital LLC acquired a new stake in BorgWarner in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC bought a new position in BorgWarner in the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC acquired a new position in shares of BorgWarner during the fourth quarter worth approximately $33,000. Finally, Trust Co. of Vermont boosted its position in shares of 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. Institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of NYSE:BWA traded down $0.03 during midday trading on Tuesday, reaching $37.59. The company's stock had a trading volume of 1,837,187 shares, compared to its average volume of 2,855,672. The business's fifty day simple moving average is $33.88 and its 200-day simple moving average is $33.65. The company has a market capitalization of $8.56 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.91 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04.

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

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, June 3rd. BorgWarner's dividend payout ratio (DPR) is presently 16.67%.

BorgWarner announced that its Board of Directors has approved a stock buyback plan on Thursday, May 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BWA shares. Citigroup boosted their target price on shares of BorgWarner from $33.00 to $41.00 and gave the stock a "neutral" rating in a research report on Monday, May 6th. Wells Fargo & Company increased their target price on shares of BorgWarner from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, May 3rd. TD Cowen raised their price objective on BorgWarner from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Barclays boosted their price objective on BorgWarner from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, May 6th. Finally, The Goldman Sachs Group reduced their target price on BorgWarner from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.76.

Insider Activity at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company's stock in a transaction dated 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 directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total value of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company's stock, valued at approximately $14,148,455.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 251,900 shares of company stock worth $7,870,842 over the last 90 days. Insiders own 0.63% of the company's stock.

BorgWarner Company 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.