First Trust Advisors LP Has $29.32 Million Holdings in BorgWarner Inc. (NYSE:BWA)

First Trust Advisors LP raised its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 922,159 shares of the auto parts company's stock after buying an additional 255,586 shares during the period. First Trust Advisors LP owned approximately 0.42% of BorgWarner worth $29,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of BorgWarner by 10.2% in the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock valued at $216,014,000 after purchasing an additional 628,930 shares in the last quarter. Alliancebernstein L.P. raised its stake in BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after acquiring an additional 381,504 shares during the period. LSV Asset Management boosted its stake in BorgWarner by 22.5% in 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 acquiring an additional 792,100 shares during the period. American Century Companies Inc. grew its holdings in shares of BorgWarner by 20.5% during the fourth 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 last quarter. Finally, Sei Investments Co. raised its position 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 worth $78,561,000 after purchasing an additional 282,659 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Price Performance

Shares of BorgWarner stock traded up $0.61 during trading on Tuesday, hitting $28.91. The stock had a trading volume of 2,565,146 shares, compared to its average volume of 2,786,639. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The firm has a market cap of $6.35 billion, a P/E ratio of 20.22, a PEG ratio of 0.77 and a beta of 1.12. The business has a fifty day moving average of $28.11 and a two-hundred day moving average of $31.22. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.93% and a net margin of 2.40%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is 30.77%.

Insider Activity at BorgWarner

In related news, EVP Tania Wingfield sold 24,000 shares of the 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock worth $1,347,701 in the last quarter. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Robert W. Baird reduced their price objective on BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Guggenheim reduced their price objective on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BorgWarner presently has an average 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.