Dimensional Fund Advisors LP Has $358.72 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Dimensional Fund Advisors LP raised its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,284,040 shares of the auto parts company's stock after acquiring an additional 753,344 shares during the period. Dimensional Fund Advisors LP owned 5.16% of BorgWarner worth $358,720,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BWA. Invesco Ltd. grew its position in BorgWarner by 10.2% during the fourth quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after acquiring an additional 628,930 shares during the period. Alliancebernstein L.P. raised its holdings in BorgWarner by 6.8% in the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock valued at $190,142,000 after buying an additional 381,504 shares during the period. LSV Asset Management lifted its position in BorgWarner by 22.5% during the fourth quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock valued at $136,956,000 after buying an additional 792,100 shares in the last quarter. American Century Companies Inc. increased its position in shares of 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 worth $116,230,000 after acquiring an additional 621,243 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of BorgWarner by 12.9% during the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock valued at $78,561,000 after acquiring an additional 282,659 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity

In other news, 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 completion of the sale, 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 13,500 shares of the firm'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 completion of 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. In the last quarter, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company's stock.

BorgWarner Stock Performance

BWA stock traded down $0.15 during mid-day trading on Friday, reaching $28.28. 1,666,595 shares of the stock traded hands, compared to its average volume of 2,784,837. The business has a 50-day moving average of $28.18 and a two-hundred day moving average of $31.36. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23. The firm has a market capitalization of $6.21 billion, a PE ratio of 19.78, a P/E/G ratio of 0.77 and a beta of 1.12. 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 (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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 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. Investors of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BWA shares. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a report on Tuesday, March 18th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Barclays dropped their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.19.

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.