Schroder Investment Management Group Has $4.14 Million Position in BorgWarner Inc. (NYSE:BWA)

Schroder Investment Management Group lowered its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,935 shares of the auto parts company's stock after selling 25,135 shares during the period. Schroder Investment Management Group owned approximately 0.06% of BorgWarner worth $4,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BWA. Avior Wealth Management LLC lifted its holdings in shares of 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 buying an additional 342 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of BorgWarner by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after buying an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock valued at $2,421,000 after purchasing an additional 393 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of BorgWarner by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after buying an additional 394 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company's stock valued at $1,537,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on BWA shares. Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. Evercore ISI cut their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $31.00 price target (down previously from $38.00) on shares of BorgWarner in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.56.

BorgWarner Stock Performance

NYSE BWA traded down $1.25 during mid-day trading on Thursday, reaching $25.64. 763,742 shares of the stock were exchanged, compared to its average volume of 2,792,015. The business's 50 day moving average is $28.96 and its 200-day moving average is $32.01. The company has a market capitalization of $5.63 billion, a P/E ratio of 17.96, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. BorgWarner Inc. has a 1 year low of $24.40 and a 1 year high of $38.23.

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

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is currently 30.77%.

Insiders Place Their Bets

In other news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of BorgWarner stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $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. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. 0.45% of the stock is owned by company insiders.

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.