Swedbank AB Has $51.45 Million Stake in BorgWarner Inc. (NYSE:BWA)

Swedbank AB boosted its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 91.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618,550 shares of the auto parts company's stock after buying an additional 774,438 shares during the period. Swedbank AB owned about 0.74% of BorgWarner worth $51,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWA. Public Sector Pension Investment Board acquired a new position in BorgWarner in the second quarter valued at about $1,248,000. Marshall Wace LLP bought a new position in BorgWarner in the 2nd quarter valued at $295,000. AQR Capital Management LLC boosted its stake in BorgWarner by 35.3% in the second quarter. AQR Capital Management LLC now owns 449,959 shares of the auto parts company's stock worth $14,444,000 after purchasing an additional 117,279 shares in the last quarter. Algert Global LLC bought a new stake in shares of BorgWarner during the second quarter worth $3,107,000. Finally, Creative Planning raised its holdings in shares of BorgWarner by 4.9% in the second quarter. Creative Planning now owns 26,641 shares of the auto parts company's stock valued at $859,000 after buying an additional 1,246 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Guggenheim restated a "buy" rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Finally, Evercore ISI upgraded BorgWarner from an "in-line" rating to an "outperform" rating and raised their price target for the company from $39.00 to $43.00 in a report on Monday, October 14th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.40.

Insider Buying and Selling at BorgWarner

In other news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now owns 259,957 shares in the company, valued at approximately $8,997,111.77. This trade represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Arthur Farrell sold 20,266 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the sale, the executive vice president now owns 32,366 shares of the company's stock, valued at $1,115,656.02. This trade represents a 38.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 222,010 shares of company stock worth $7,678,076 over the last 90 days. Company insiders own 0.45% of the company's stock.

BorgWarner Stock Up 1.5 %

BWA traded up $0.48 during trading hours on Thursday, hitting $32.95. 394,452 shares of the company's stock were exchanged, compared to its average volume of 2,224,250. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.63 and a beta of 1.20. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The stock's 50-day moving average is $32.85 and its two-hundred day moving average is $33.39. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. Sell-side analysts predict that BorgWarner Inc. will post 4.23 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Monday, December 2nd. BorgWarner's dividend payout ratio (DPR) is presently 11.17%.

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.