Lbp Am Sa Has $10.04 Million Holdings in BorgWarner Inc. (NYSE:BWA)

LBP AM SA raised its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 221.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,920 shares of the auto parts company's stock after acquiring an additional 217,694 shares during the quarter. LBP AM SA owned approximately 0.14% of BorgWarner worth $10,043,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in BorgWarner during the 3rd quarter valued at $32,000. True Wealth Design LLC bought a new position in BorgWarner during the 3rd quarter valued at $38,000. Avior Wealth Management LLC boosted its stake in BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 342 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BorgWarner during the 3rd quarter valued at $62,000. Finally, Principal Securities Inc. boosted its stake in BorgWarner by 59.1% during the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after acquiring an additional 720 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 39,110 shares in the company, valued at $1,125,976.90. The trade was a 38.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 in the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

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BorgWarner Price Performance

Shares of NYSE:BWA traded up $0.14 during trading on Wednesday, reaching $28.96. The company had a trading volume of 3,089,576 shares, compared to its average volume of 2,468,906. The firm's fifty day moving average is $30.50 and its 200 day moving average is $32.63. The firm has a market capitalization of $6.33 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. BorgWarner Inc. has a twelve month low of $27.65 and a twelve month high of $38.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 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 analysts forecast that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 1.52%. BorgWarner's payout ratio is currently 30.77%.

Analyst Ratings Changes

Several research analysts have recently commented on BWA shares. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday, March 14th. Evercore ISI reduced 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. Finally, BNP Paribas raised 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. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and an average target price of $39.27.

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.