Oxford Asset Management LLP Invests $371,000 in BorgWarner Inc. (NYSE:BWA)

Oxford Asset Management LLP acquired a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,655 shares of the auto parts company's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Truist Financial Corp boosted its stake in BorgWarner by 4.0% during the fourth quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock worth $487,000 after buying an additional 595 shares during the last quarter. Norges Bank purchased a new stake in BorgWarner during the 4th quarter worth about $62,180,000. State of Alaska Department of Revenue raised its position in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after acquiring an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of BorgWarner during the 4th quarter worth approximately $1,197,000. Finally, AIA Group Ltd purchased a new stake in shares of BorgWarner during the 4th quarter worth approximately $1,599,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Trading Down 1.7 %

NYSE:BWA traded down $0.48 on Wednesday, hitting $28.37. 1,731,770 shares of the stock were exchanged, compared to its average volume of 2,779,877. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The company's 50-day moving average price is $28.09 and its 200 day moving average price is $31.20.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.55%. BorgWarner's dividend payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In related news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the transaction, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 in the last three months. 0.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on BWA shares. StockNews.com upgraded shares of BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Piper Sandler dropped their target price on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Robert W. Baird dropped their target price on shares of BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Evercore ISI lowered their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Friday, March 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $37.19.

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.