Mitsubishi UFJ Trust & Banking Corp Has $1.39 Million Stock Holdings in BorgWarner Inc. (NYSE:BWA)

Mitsubishi UFJ Trust & Banking Corp grew its position in BorgWarner Inc. (NYSE:BWA - Free Report) by 150.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,721 shares of the auto parts company's stock after acquiring an additional 26,261 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in BorgWarner were worth $1,390,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in BorgWarner in the fourth quarter valued at approximately $571,000. KLP Kapitalforvaltning AS bought a new position in shares of BorgWarner in the fourth quarter valued at about $2,152,000. Sei Investments Co. boosted its holdings 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 worth $78,561,000 after buying an additional 282,659 shares during the period. American Century Companies Inc. grew its stake in 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 buying an additional 621,243 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of BorgWarner in the fourth quarter valued at approximately $378,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BWA has been the topic of several recent research reports. Barclays lowered their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Cowen lowered BorgWarner from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Morgan Stanley dropped their price target on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen cut shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.06.

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Insider Buying and Selling at BorgWarner

In other news, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 242,257 shares in the company, valued at $7,284,667.99. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 transaction of $690,960.00. Following the completion of the transaction, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by company insiders.

BorgWarner Trading Down 4.7 %

NYSE BWA traded down $1.29 during trading hours on Friday, reaching $25.92. The company's stock had a trading volume of 3,671,811 shares, compared to its average volume of 2,778,715. BorgWarner Inc. has a 52 week low of $24.66 and a 52 week high of $38.23. 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 stock has a market cap of $5.69 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.77 and a beta of 1.21. The firm has a fifty day simple moving average of $29.63 and a 200-day simple moving average of $32.28.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly 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%. Equities analysts forecast 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. Investors of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is currently 30.77%.

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.