Prudential PLC Boosts Stock Position in BorgWarner Inc. (NYSE:BWA)

Prudential PLC boosted its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 374.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,200 shares of the auto parts company's stock after buying an additional 64,867 shares during the period. Prudential PLC's holdings in BorgWarner were worth $2,613,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% in 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in BorgWarner during the third quarter worth approximately $62,000. Generali Asset Management SPA SGR purchased a new position in shares of BorgWarner in the 4th quarter worth approximately $59,000. Principal Securities Inc. increased its position in shares of 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 purchasing an additional 720 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in BorgWarner by 126.2% during the 4th quarter. TD Private Client Wealth LLC now owns 2,377 shares of the auto parts company's stock valued at $76,000 after buying an additional 1,326 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value 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. This represents a 38.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm'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 directly owns 242,257 shares in the company, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.45% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

A number of research analysts have recently commented on BWA shares. Barclays cut their target price on BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley cut their price objective on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. StockNews.com upgraded BorgWarner from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. BNP Paribas upgraded shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a report on Tuesday, March 18th. Finally, UBS Group reissued a "neutral" rating and issued a $31.00 price objective (down from $38.00) on shares of BorgWarner in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.56.

BorgWarner Stock Up 0.0 %

BWA traded up $0.01 on Friday, hitting $25.68. The company had a trading volume of 394,353 shares, compared to its average volume of 2,794,156. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.45 and a current ratio of 1.79. The stock has a fifty day moving average price of $28.85 and a 200-day moving average price of $31.95. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $38.23.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (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%. Analysts predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced 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 yield of 1.71%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

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.