Mirae Asset Global Investments Co. Ltd. Buys 8,613 Shares of BorgWarner Inc. (NYSE:BWA)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 49.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,022 shares of the auto parts company's stock after buying an additional 8,613 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in BorgWarner were worth $838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $32,000. True Wealth Design LLC bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after buying an additional 342 shares during the period. Trust Co. of Vermont lifted its position in shares of BorgWarner by 88.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock worth $50,000 after buying an additional 645 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of BorgWarner during the 3rd quarter worth approximately $62,000. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now directly owns 206,969 shares of the company's stock, valued at approximately $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 259,310 shares of the company's stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

BorgWarner Trading Up 2.9 %

Shares of BWA stock traded up $0.84 on Friday, reaching $30.24. 2,915,066 shares of the stock were exchanged, compared to its average volume of 2,566,885. The stock has a market cap of $6.61 billion, a PE ratio of 21.15, a P/E/G ratio of 0.63 and a beta of 1.18. BorgWarner Inc. has a one year low of $28.65 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The stock has a 50 day moving average price of $31.95 and a 200 day moving average price of $33.18.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. Equities research analysts forecast that BorgWarner Inc. will post 4.54 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company raised their target price on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Barclays cut 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. StockNews.com downgraded BorgWarner from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price objective on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Guggenheim reiterated a "buy" rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.20.

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.