Vanguard Personalized Indexing Management LLC Increases Holdings in BorgWarner Inc. (NYSE:BWA)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,002 shares of the auto parts company's stock after acquiring an additional 21,509 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in BorgWarner were worth $1,721,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Boston Partners increased 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 valued at $211,762,000 after acquiring an additional 1,951,783 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BorgWarner by 30.4% during the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company's stock worth $177,591,000 after buying an additional 1,024,361 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of BorgWarner by 10.9% during the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company's stock worth $346,614,000 after buying an additional 948,659 shares during the last quarter. Ninety One UK Ltd boosted its stake in BorgWarner by 85.1% in the fourth quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company's stock valued at $59,376,000 after buying an additional 761,250 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 valued at $169,132,000 after acquiring an additional 648,633 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

BorgWarner Trading Down 1.4 %

Shares of NYSE:BWA traded down $0.54 during trading on Friday, reaching $37.09. The stock had a trading volume of 2,253,214 shares, compared to its average volume of 2,841,629. BorgWarner Inc. has a 52 week low of $29.51 and a 52 week high of $50.04. The firm's fifty day moving average is $34.23 and its 200 day moving average is $33.71. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 1.54.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly 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. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. BorgWarner had a return on equity of 15.33% and a net margin of 4.02%. The business's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. As a group, equities analysts forecast that BorgWarner Inc. will post 4.05 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.19%. The ex-dividend date is Monday, June 3rd. BorgWarner's dividend payout ratio (DPR) is presently 16.67%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BWA shares. Robert W. Baird raised their price target on shares of BorgWarner from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. TD Cowen boosted their target price on shares of BorgWarner from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. Citigroup increased their price target on BorgWarner from $33.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, May 6th. Barclays boosted their price objective on BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, May 6th. Finally, StockNews.com raised BorgWarner from a "hold" rating to a "buy" rating in a research note on Monday, May 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.76.

Insiders Place Their Bets

In other 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 value of $99,000.00. Following the completion of the sale, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Stefan Demmerle sold 3,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was 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 directly owns 249,013 shares of the company's stock, valued at approximately $8,217,429. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 in the company, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock worth $849,870. Corporate insiders own 0.45% 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.