BorgWarner Inc. (NYSE:BWA) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,656,194 shares of the auto parts company's stock after acquiring an additional 621,243 shares during the quarter. American Century Companies Inc. owned 1.67% of BorgWarner worth $116,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in BorgWarner during the 3rd quarter worth about $32,000. True Wealth Design LLC purchased a new stake in shares of BorgWarner during the third quarter worth approximately $38,000. Avior Wealth Management LLC raised its holdings in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in BorgWarner in the third quarter worth approximately $62,000. Finally, Generali Asset Management SPA SGR acquired a new position in BorgWarner during the 4th quarter worth approximately $59,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Price Performance

Shares of BWA traded up $0.06 during mid-day trading on Tuesday, hitting $29.51. The company's stock had a trading volume of 1,009,106 shares, compared to its average volume of 3,575,991. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 1-year low of $27.65 and a 1-year high of $38.22. The firm has a market capitalization of $6.48 billion, a P/E ratio of 20.64, a P/E/G ratio of 0.77 and a beta of 1.21. The firm has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $32.51.

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BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results 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%. Analysts predict 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 1.49%. BorgWarner's payout ratio is currently 30.77%.

Insider Buying and Selling at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the firm's 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 completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now owns 242,257 shares in the company, 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. Over the last three months, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BWA. Evercore ISI decreased their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Piper Sandler dropped their target price on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, Morgan Stanley cut their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, BorgWarner has an average rating of "Moderate Buy" and a consensus target price 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.