Bridgewater Associates LP Has $18.98 Million Stock Position in BorgWarner Inc. (NYSE:BWA)

Bridgewater Associates LP grew its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 57.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 597,124 shares of the auto parts company's stock after acquiring an additional 218,177 shares during the period. Bridgewater Associates LP owned about 0.27% of BorgWarner worth $18,983,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in BorgWarner during the 4th quarter valued at $62,180,000. LSV Asset Management increased its stake in shares of BorgWarner by 22.5% in the 4th quarter. LSV Asset Management now owns 4,308,145 shares of the auto parts company's stock worth $136,956,000 after purchasing an additional 792,100 shares in the last quarter. Swedbank AB raised its stake in shares of BorgWarner by 91.7% in the fourth quarter. Swedbank AB now owns 1,618,550 shares of the auto parts company's stock worth $51,454,000 after buying an additional 774,438 shares during the period. Invesco Ltd. increased its holdings in BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after acquiring an additional 628,930 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of BorgWarner by 20.5% during the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock valued at $116,230,000 after purchasing an additional 621,243 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tonit M. Calaway sold 8,300 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, 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 have sold 45,800 shares of company stock valued at $1,347,701 in the last three months. Corporate insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWA. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target for the company in a research note on Tuesday, March 18th. Robert W. Baird dropped their target price on BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday. Guggenheim set a $38.00 price target on BorgWarner in a research note on Wednesday, March 5th. Morgan Stanley cut their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and boosted their price target for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

BorgWarner Stock Performance

BWA traded up $0.40 during trading on Friday, hitting $26.42. 1,371,504 shares of the stock were exchanged, compared to its average volume of 2,793,467. The stock has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $31.58. The firm has a market capitalization of $5.80 billion, a P/E ratio of 18.47, a PEG ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. 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 released 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 return on equity of 15.93% and a net margin of 2.40%. As a group, sell-side analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business 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. This represents a $0.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is currently 30.77%.

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.