Franklin Resources Inc. Purchases 18,340 Shares of BorgWarner Inc. (NYSE:BWA)

Franklin Resources Inc. lifted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,965 shares of the auto parts company's stock after purchasing an additional 18,340 shares during the quarter. Franklin Resources Inc. owned about 0.12% of BorgWarner worth $8,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWA. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in BorgWarner by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after acquiring an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 worth $2,421,000 after acquiring an additional 393 shares in the last quarter. Wellington Management Group LLP raised its holdings 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 purchasing an additional 394 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in BorgWarner by 0.9% in the fourth 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 last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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BorgWarner Trading Up 0.7 %

Shares of BWA stock traded up $0.17 during trading hours on Monday, reaching $26.36. 112,676 shares of the stock traded hands, compared to its average volume of 2,792,875. 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. The firm has a market capitalization of $5.79 billion, a PE ratio of 18.44, a PEG ratio of 0.77 and a beta of 1.12. The business has a fifty day moving average price of $28.75 and a 200 day moving average price of $31.86.

BorgWarner (NYSE:BWA - Get Free Report) last released its 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%. On average, equities research analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, March 3rd. BorgWarner's payout ratio is presently 30.77%.

Insiders Place Their Bets

In related news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction on Wednesday, March 5th. The shares were 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 $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief accounting officer now directly owns 259,310 shares in the company, valued at approximately $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last quarter. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

BWA has been the topic of a number of recent analyst reports. TD Cowen downgraded BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, March 7th. Evercore ISI lowered their target price on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, February 10th. 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 research report on Tuesday, March 18th. UBS Group reaffirmed a "neutral" rating and set a $31.00 price objective (down previously from $38.00) on shares of BorgWarner in a report on Thursday. Finally, Barclays reduced their target price on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.56.

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.