Invesco Ltd. Purchases 628,930 Shares of BorgWarner Inc. (NYSE:BWA)

Invesco Ltd. increased its stake in BorgWarner Inc. (NYSE:BWA - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,795,020 shares of the auto parts company's stock after purchasing an additional 628,930 shares during the quarter. Invesco Ltd. owned approximately 3.11% of BorgWarner worth $216,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BWA. Resona Asset Management Co. Ltd. purchased a new stake in shares of BorgWarner in the 4th quarter valued at approximately $45,000. Avior Wealth Management LLC lifted its holdings in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of BorgWarner in the fourth quarter worth $59,000. Wilmington Savings Fund Society FSB purchased a new position in shares of BorgWarner during the third quarter valued at $62,000. Finally, Principal Securities Inc. raised its position in BorgWarner by 59.1% during the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after buying an additional 720 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Stock Performance

Shares of BWA traded down $0.34 on Tuesday, reaching $26.10. 2,079,404 shares of the stock traded hands, compared to its average volume of 2,799,579. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 12 month low of $24.40 and a 12 month high of $38.23. The stock's 50-day moving average price is $28.66 and its 200-day moving average price is $31.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

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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%. Equities analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insider Transactions at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The sale 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 BorgWarner stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

BWA has been the subject of a number of research reports. UBS Group restated a "neutral" rating and set a $31.00 price objective (down from $38.00) on shares of BorgWarner in a research report on Thursday, April 10th. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research note on Friday, March 7th. Evercore ISI dropped their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Tuesday, March 18th. Finally, StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Saturday. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.50.

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.