BorgWarner Inc. (NYSE:BWA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in BorgWarner Inc. (NYSE:BWA) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,284,040 shares of the auto parts company’s stock after acquiring an additional 753,344 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.16% of BorgWarner worth $358,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWA. Avior Wealth Management LLC lifted its position in shares of BorgWarner by 31.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares during the last quarter. Janney Montgomery Scott LLC lifted 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 buying an additional 381 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of BorgWarner by 0.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,168 shares of the auto parts company’s stock worth $2,421,000 after acquiring an additional 393 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of BorgWarner by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 48,349 shares of the auto parts company’s stock valued at $1,537,000 after acquiring an additional 450 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in shares of BorgWarner by 8.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 6,404 shares of the auto parts company’s stock worth $204,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Buying and Selling

In other news, EVP Tania Wingfield sold 24,000 shares of BorgWarner stock in a transaction 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 of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Tonit M. Calaway sold 13,500 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total transaction of $407,160.00. Following the completion of the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 in the last quarter. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BWA shares. JPMorgan Chase & Co. lowered 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. Robert W. Baird reduced their price target on shares of BorgWarner from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Cowen lowered BorgWarner from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. UBS Group reissued a “neutral” rating and issued a $31.00 target price (down from $38.00) on shares of BorgWarner in a report on Thursday, April 10th. Finally, Barclays dropped their price target on BorgWarner from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

BorgWarner Trading Up 1.5 %

Shares of BorgWarner stock opened at $26.42 on Monday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth 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’s 50-day simple moving average is $28.38 and its 200-day simple moving average is $31.53. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

About BorgWarner

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.