Wellington Management Group LLP Raises Stake in BorgWarner Inc. (NYSE:BWA)

Wellington Management Group LLP grew its holdings in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 231.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,466 shares of the auto parts company's stock after buying an additional 63,837 shares during the period. Wellington Management Group LLP's holdings in BorgWarner were worth $2,908,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BWA. O Shaughnessy Asset Management LLC grew its stake in shares of BorgWarner by 19.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 36,196 shares of the auto parts company's stock valued at $1,151,000 after buying an additional 5,908 shares during the period. Brandywine Global Investment Management LLC bought a new stake in BorgWarner during the 4th quarter valued at $5,948,000. denkapparat Operations GmbH acquired a new position in BorgWarner during the fourth quarter worth $205,000. Pictet Asset Management Holding SA grew its holdings in shares of BorgWarner by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 59,377 shares of the auto parts company's stock valued at $1,888,000 after buying an additional 3,414 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of BorgWarner by 8.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 7,338 shares of the auto parts company's stock worth $233,000 after acquiring an additional 554 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

BorgWarner Stock Performance

Shares of NYSE:BWA traded down $0.34 during trading on Tuesday, hitting $26.10. 2,079,404 shares of the company were exchanged, compared to its average volume of 2,799,579. The company has a market cap of $5.73 billion, a PE ratio of 18.25, a P/E/G ratio of 0.77 and a beta of 1.12. BorgWarner Inc. has a 52-week low of $24.40 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 50 day moving average of $28.66 and a 200 day moving average of $31.79.

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BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results 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 return on equity of 15.93% and a net margin of 2.40%. As a group, equities research analysts predict that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. BorgWarner's dividend payout ratio (DPR) is currently 30.77%.

Insider Transactions at BorgWarner

In other BorgWarner news, 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 owns 242,257 shares of the company's stock, valued at $7,284,667.99. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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. This trade represents a 38.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,800 shares of company stock valued at $1,347,701. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BWA. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. TD Cowen lowered shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, March 7th. Piper Sandler cut their price target on shares of BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Morgan Stanley dropped their target price on shares of BorgWarner from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, Guggenheim set a $38.00 price objective on BorgWarner in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

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.