Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Position in BorgWarner Inc. (NYSE:BWA)

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,152,312 shares of the auto parts company's stock after selling 368,431 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.53% of BorgWarner worth $36,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Public Sector Pension Investment Board lifted its stake in shares of BorgWarner by 2.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,707 shares of the auto parts company's stock worth $1,441,000 after purchasing an additional 1,000 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of BorgWarner by 11.0% during the third quarter. Integrated Wealth Concepts LLC now owns 17,709 shares of the auto parts company's stock valued at $643,000 after buying an additional 1,752 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of BorgWarner by 11.0% in the 3rd quarter. Quantinno Capital Management LP now owns 83,656 shares of the auto parts company's stock valued at $3,036,000 after buying an additional 8,294 shares in the last quarter. Stifel Financial Corp grew its position in shares of BorgWarner by 10.1% in the 3rd quarter. Stifel Financial Corp now owns 36,365 shares of the auto parts company's stock worth $1,320,000 after buying an additional 3,337 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of BorgWarner by 1.4% during the 3rd quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock worth $1,003,000 after acquiring an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Analyst Ratings Changes

Several brokerages have weighed in on BWA. 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 research note on Monday, February 10th. Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. TD Cowen lowered BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. UBS Group reaffirmed a "neutral" rating and issued a $31.00 price objective (down from $38.00) on shares of BorgWarner in a research report on Thursday. Finally, Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Seven equities 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.56.

Insider Buying and Selling

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is owned by company insiders.

BorgWarner Stock Performance

NYSE:BWA traded up $0.26 during trading hours on Friday, reaching $25.93. The company had a trading volume of 462,643 shares, compared to its average volume of 2,794,505. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $38.23. The business's 50 day moving average price is $28.85 and its 200-day moving average price is $31.95. The firm has a market cap of $5.70 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.12.

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

BorgWarner Announces Dividend

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