50,300 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by AIA Group Ltd

AIA Group Ltd acquired a new position in BorgWarner Inc. (NYSE:BWA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,300 shares of the auto parts company's stock, valued at approximately $1,599,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of BorgWarner by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company's stock valued at $231,376,000 after buying an additional 217,050 shares during the last quarter. American Century Companies Inc. boosted its holdings in BorgWarner by 20.5% in the fourth quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock valued at $116,230,000 after acquiring an additional 621,243 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company's stock valued at $100,309,000 after purchasing an additional 445,540 shares during the period. Sei Investments Co. raised its holdings in BorgWarner by 12.9% during the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock worth $78,561,000 after purchasing an additional 282,659 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of BorgWarner by 22.5% in the 4th quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company's stock worth $62,427,000 after purchasing an additional 361,112 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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BorgWarner Stock Down 4.7 %

Shares of NYSE BWA traded down $1.29 during trading on Friday, hitting $25.92. The stock had a trading volume of 3,671,811 shares, compared to its average volume of 2,778,715. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm has a fifty day moving average of $29.63 and a two-hundred day moving average of $32.28. BorgWarner Inc. has a 12 month low of $24.66 and a 12 month high of $38.23. The company has a market capitalization of $5.69 billion, a PE ratio of 18.13, a PEG ratio of 0.77 and a beta of 1.21.

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

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is currently 30.77%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value 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. This trade represents a 38.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner 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 completion of the transaction, the chief accounting officer now 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. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Friday. Finally, Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.06.

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.