Allspring Global Investments Holdings LLC Boosts Stake in BorgWarner Inc. (NYSE:BWA)

Allspring Global Investments Holdings LLC boosted its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 3,195.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 586,388 shares of the auto parts company's stock after purchasing an additional 568,594 shares during the period. Allspring Global Investments Holdings LLC owned 0.27% of BorgWarner worth $18,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Trust Co. of Vermont grew its stake in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock worth $50,000 after purchasing an additional 645 shares during the period. Inspire Advisors LLC bought a new position in BorgWarner in the third quarter worth approximately $388,000. Blue Trust Inc. lifted its holdings in shares of BorgWarner by 7.2% in the third quarter. Blue Trust Inc. now owns 10,926 shares of the auto parts company's stock valued at $397,000 after purchasing an additional 732 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of BorgWarner by 8.0% in the third quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company's stock valued at $6,968,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of BorgWarner by 108.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,302 shares of the auto parts company's stock valued at $84,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity at BorgWarner

In related news, VP Stefan Demmerle sold 20,544 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

BorgWarner Trading Down 1.9 %

Shares of NYSE BWA traded down $0.57 during midday trading on Wednesday, reaching $29.68. The company had a trading volume of 2,602,881 shares, compared to its average volume of 2,607,093. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average price is $31.67 and its 200-day moving average price is $33.09. The stock has a market cap of $6.49 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. On average, equities research analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.48%. BorgWarner's dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BWA shares. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lifted their price target on BorgWarner from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.20.

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.