Intech Investment Management LLC Invests $3.17 Million in BorgWarner Inc. (NYSE:BWA)

Intech Investment Management LLC purchased a new position in BorgWarner Inc. (NYSE:BWA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 99,826 shares of the auto parts company's stock, valued at approximately $3,173,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its position in shares of BorgWarner by 4.0% during the 4th quarter. Truist Financial Corp now owns 15,319 shares of the auto parts company's stock worth $487,000 after purchasing an additional 595 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of BorgWarner by 96.3% during the 4th quarter. State of Alaska Department of Revenue now owns 51,935 shares of the auto parts company's stock worth $1,650,000 after acquiring an additional 25,475 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of BorgWarner during the 4th quarter worth about $1,197,000. Wellington Management Group LLP raised its position 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. Finally, Mirabella Financial Services LLP purchased a new stake in BorgWarner during the third quarter worth approximately $908,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BWA shares. Morgan Stanley dropped their price target on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Cowen cut BorgWarner from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays lowered their price objective on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Guggenheim set a $38.00 target price on shares of BorgWarner in a report on Wednesday, March 5th. Finally, Evercore ISI dropped their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, BorgWarner presently has an average rating of "Moderate Buy" and a consensus target price of $39.06.

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Insider Activity

In other news, CAO Tonit M. Calaway sold 8,300 shares of the business'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 completion of the transaction, the chief accounting officer now owns 242,257 shares of the company's stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tania Wingfield sold 24,000 shares of the business's 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 completion of the transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at $1,125,976.90. This trade represents a 38.03 % 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 worth $1,347,701 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

BorgWarner Price Performance

BWA stock traded up $0.77 during midday trading on Monday, hitting $29.47. 3,191,806 shares of the stock were exchanged, compared to its average volume of 2,646,405. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock's 50-day moving average price is $30.36 and its 200-day moving average price is $32.53. BorgWarner Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $38.23. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.77 and a beta of 1.21.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly 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 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. Stockholders of record on Monday, March 3rd were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.49%. BorgWarner's dividend payout ratio (DPR) is 30.77%.

BorgWarner 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.