Schonfeld Strategic Advisors LLC Has $1.37 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 48.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,232 shares of the auto parts company's stock after purchasing an additional 14,055 shares during the period. Schonfeld Strategic Advisors LLC's holdings in BorgWarner were worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. acquired a new stake in BorgWarner in the 4th quarter valued at about $45,000. Avior Wealth Management LLC grew its stake in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Quarry LP grew its stake in shares of BorgWarner by 110.6% during the fourth quarter. Quarry LP now owns 1,826 shares of the auto parts company's stock valued at $58,000 after purchasing an additional 959 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in BorgWarner in the 4th quarter worth approximately $59,000. Finally, Wilmington Savings Fund Society FSB bought a new position in BorgWarner in the 3rd quarter worth approximately $62,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, 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 transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This represents a 38.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the completion of the transaction, the chief accounting officer now directly owns 242,257 shares of the company's stock, valued at $7,284,667.99. This represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

BorgWarner Stock Up 2.7%

BWA stock traded up $0.86 during trading hours on Monday, reaching $32.48. 544,246 shares of the stock were exchanged, compared to its average volume of 2,749,920. The firm's 50-day moving average is $28.13 and its 200-day moving average is $30.91. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $38.23. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner's dividend payout ratio is 35.20%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BWA shares. BNP Paribas raised BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Barclays reduced their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Evercore ISI dropped their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.47.

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.