37,311 Shares in BorgWarner Inc. (NYSE:BWA) Acquired by GAM Holding AG

GAM Holding AG bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,311 shares of the auto parts company's stock, valued at approximately $1,186,000.

Several other hedge funds also recently added to or reduced their stakes in BWA. Blue Trust Inc. raised its position in BorgWarner by 7.2% in the third quarter. Blue Trust Inc. now owns 10,926 shares of the auto parts company's stock valued at $397,000 after purchasing an additional 732 shares during the period. Raymond James & Associates raised its position in BorgWarner by 8.0% in the third quarter. Raymond James & Associates now owns 192,002 shares of the auto parts company's stock valued at $6,968,000 after purchasing an additional 14,165 shares during the period. Allspring Global Investments Holdings LLC raised its position in BorgWarner by 51.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,794 shares of the auto parts company's stock valued at $646,000 after purchasing an additional 6,076 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in BorgWarner by 108.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,302 shares of the auto parts company's stock valued at $84,000 after purchasing an additional 1,200 shares during the period. Finally, Private Advisor Group LLC raised its position in BorgWarner by 8.4% in the third quarter. Private Advisor Group LLC now owns 7,050 shares of the auto parts company's stock valued at $256,000 after purchasing an additional 549 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

BorgWarner Stock Performance

BWA stock traded down $0.76 during midday trading on Friday, reaching $29.49. The company had a trading volume of 1,761,349 shares, compared to its average volume of 2,634,329. 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 stock has a 50 day moving average price of $31.48 and a 200 day moving average price of $33.05. BorgWarner Inc. has a fifty-two week low of $28.65 and a fifty-two week high of $38.22. The firm has a market capitalization of $6.45 billion, a PE ratio of 20.62, a P/E/G ratio of 0.77 and a beta of 1.18.

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

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. BorgWarner's payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BWA shares. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Evercore ISI dropped their target price on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group dropped their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. StockNews.com lowered BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Guggenheim reaffirmed a "buy" rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.57.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 20,544 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total transaction of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, 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. 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.