Alliancebernstein L.P. Grows Stock Position in BorgWarner Inc. (NYSE:BWA)

Alliancebernstein L.P. grew its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,981,196 shares of the auto parts company's stock after acquiring an additional 381,504 shares during the quarter. Alliancebernstein L.P. owned about 2.73% of BorgWarner worth $190,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWA. Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner during the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB bought a new stake in shares of BorgWarner in the 3rd quarter worth approximately $62,000. Principal Securities Inc. grew its stake in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock worth $62,000 after buying an additional 720 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in BorgWarner by 126.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company's stock valued at $76,000 after buying an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

BorgWarner Price Performance

Shares of NYSE:BWA traded down $1.29 during trading on Friday, reaching $25.92. 3,671,811 shares of the company's stock traded hands, compared to its average volume of 2,777,711. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $38.23. The company has a 50-day simple moving average of $29.77 and a 200-day simple moving average of $32.32. The firm has a market cap of $5.69 billion, a PE ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.21.

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BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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%. As a group, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Buying and Selling at BorgWarner

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BWA. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Guggenheim set a $38.00 target price on BorgWarner in a research report on Wednesday, March 5th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Piper Sandler reduced 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. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average price target of $39.06.

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.