Brandywine Global Investment Management LLC Makes New Investment in BorgWarner Inc. (NYSE:BWA)

Brandywine Global Investment Management LLC bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 187,103 shares of the auto parts company's stock, valued at approximately $5,948,000. Brandywine Global Investment Management LLC owned 0.09% of BorgWarner at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BorgWarner by 9.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,511 shares of the auto parts company's stock worth $1,978,000 after acquiring an additional 4,497 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of BorgWarner by 2.6% in the third quarter. Public Sector Pension Investment Board now owns 39,707 shares of the auto parts company's stock valued at $1,441,000 after purchasing an additional 1,000 shares during the period. Captrust Financial Advisors grew its stake in BorgWarner by 5.6% in the third quarter. Captrust Financial Advisors now owns 92,206 shares of the auto parts company's stock worth $3,346,000 after purchasing an additional 4,860 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company's stock worth $100,309,000 after purchasing an additional 445,540 shares during the period. Finally, HITE Hedge Asset Management LLC raised its position in BorgWarner by 28.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 290,317 shares of the auto parts company's stock valued at $10,536,000 after purchasing an additional 64,126 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

BWA has been the topic of several research reports. Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. Evercore ISI cut their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, March 7th. Finally, Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BorgWarner has a consensus rating of "Moderate Buy" and a consensus price target of $39.06.

BorgWarner Stock Down 4.7 %

Shares of BWA traded down $1.29 during mid-day trading on Friday, hitting $25.92. 3,671,811 shares of the company traded hands, compared to its average volume of 2,781,462. The company has a market capitalization of $5.69 billion, a PE ratio of 18.13, a price-to-earnings-growth 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. The business has a 50 day moving average of $29.63 and a 200 day moving average of $32.27. BorgWarner Inc. has a 1-year low of $24.66 and a 1-year high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

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

Insider Transactions at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. This trade represents a 4.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % 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 over the last three months. 0.45% of the stock is currently owned by 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.