BorgWarner Inc. (NYSE:BWA) Holdings Lifted by LSV Asset Management

LSV Asset Management raised its holdings in BorgWarner Inc. (NYSE:BWA - Free Report) by 22.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,308,145 shares of the auto parts company's stock after purchasing an additional 792,100 shares during the period. LSV Asset Management owned 1.97% of BorgWarner worth $136,956,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BWA. Invesco Ltd. lifted its stake in shares of BorgWarner by 10.2% during the 4th quarter. Invesco Ltd. now owns 6,795,020 shares of the auto parts company's stock worth $216,014,000 after purchasing an additional 628,930 shares during the period. Geode Capital Management LLC grew its holdings in BorgWarner by 3.5% in the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company's stock valued at $231,376,000 after purchasing an additional 217,050 shares during the period. Alliancebernstein L.P. increased its position in BorgWarner by 6.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,981,196 shares of the auto parts company's stock worth $190,142,000 after purchasing an additional 381,504 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of BorgWarner by 20.5% in the 4th quarter. American Century Companies Inc. now owns 3,656,194 shares of the auto parts company's stock valued at $116,230,000 after purchasing an additional 621,243 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of BorgWarner by 12.9% during the 4th quarter. Sei Investments Co. now owns 2,471,252 shares of the auto parts company's stock valued at $78,561,000 after buying an additional 282,659 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The transaction 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 the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares in the company, valued at approximately $7,284,667.99. The trade was 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 three months. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of BorgWarner stock traded down $0.34 during trading on Tuesday, hitting $26.10. The stock had a trading volume of 2,079,404 shares, compared to its average volume of 2,799,578. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. The business has a fifty day moving average of $28.66 and a two-hundred day moving average of $31.79. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The firm has a market cap of $5.73 billion, a P/E ratio of 18.25, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

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

Wall Street Analysts Forecast Growth

BWA has been the subject of a number of research reports. Evercore ISI lowered their price target on BorgWarner from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Friday, March 7th. StockNews.com downgraded shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group raised BorgWarner from a "neutral" rating to a "buy" rating and raised their price objective for the company from $31.00 to $34.00 in a research report on Thursday, April 10th. Finally, Robert W. Baird lowered their target price on BorgWarner from $34.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

BorgWarner Company 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.