Sei Investments Co. Acquires 282,659 Shares of BorgWarner Inc. (NYSE:BWA)

Sei Investments Co. grew its stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,471,252 shares of the auto parts company's stock after purchasing an additional 282,659 shares during the period. Sei Investments Co. owned approximately 1.13% of BorgWarner worth $78,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Studio Investment Management LLC lifted its stake in shares of BorgWarner by 12.4% in the third quarter. Studio Investment Management LLC now owns 2,813 shares of the auto parts company's stock valued at $102,000 after buying an additional 310 shares in the last quarter. 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 purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in BorgWarner by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 54,432 shares of the auto parts company's stock worth $1,730,000 after purchasing an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of BorgWarner by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company's stock worth $2,421,000 after purchasing an additional 393 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of BorgWarner by 1.4% in the third quarter. Wellington Management Group LLP now owns 27,629 shares of the auto parts company's stock valued at $1,003,000 after purchasing an additional 394 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

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BorgWarner Stock Performance

Shares of BWA traded up $0.76 during trading hours on Wednesday, hitting $30.26. The company's stock had a trading volume of 3,153,382 shares, compared to its average volume of 2,643,422. The business has a 50 day simple moving average of $30.23 and a two-hundred day simple moving average of $32.48. BorgWarner Inc. has a 52-week low of $27.65 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 company has a market cap of $6.65 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.77 and a beta of 1.21.

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

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.45%. BorgWarner's dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 24,000 shares of the company'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 of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Evercore ISI cut their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.06.

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.