Valmark Advisers Inc. purchased a new position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,934 shares of the auto parts company’s stock, valued at approximately $810,000.
A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of BorgWarner by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company’s stock worth $538,996,000 after purchasing an additional 178,853 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of BorgWarner by 22.7% during the fourth quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company’s stock worth $415,559,000 after purchasing an additional 1,703,576 shares in the last quarter. State Street Corp increased its holdings in BorgWarner by 5.3% in the second quarter. State Street Corp now owns 7,633,760 shares of the auto parts company’s stock valued at $255,578,000 after buying an additional 380,942 shares during the last quarter. LSV Asset Management increased its holdings in BorgWarner by 6.7% in the fourth quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company’s stock valued at $290,481,000 after buying an additional 402,887 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in BorgWarner by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 4,297,717 shares of the auto parts company’s stock valued at $193,695,000 after buying an additional 423,933 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Price Performance
Shares of BWA opened at $63.57 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. BorgWarner Inc. has a 1-year low of $34.27 and a 1-year high of $78.82. The stock has a market cap of $13.04 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The firm has a fifty day moving average price of $67.73 and a 200 day moving average price of $57.95.
BorgWarner Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 1st. BorgWarner’s dividend payout ratio (DPR) is currently 40.24%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on BWA shares. JPMorgan Chase & Co. lifted their price target on BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Morgan Stanley increased their price objective on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $81.00 target price on BorgWarner in a research note on Tuesday, April 21st. Weiss Ratings raised BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a research note on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.57.
View Our Latest Report on BorgWarner
Insider Transactions at BorgWarner
In other BorgWarner news, CEO Joseph F. Fadool sold 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total value of $1,951,990.00. Following the completion of the sale, the chief executive officer owned 405,964 shares in the company, valued at approximately $27,325,436.84. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Isabelle Mckenzie sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the sale, the vice president directly owned 57,828 shares of the company’s stock, valued at $3,663,403.80. The trade was a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 67,500 shares of company stock worth $4,310,115. 0.76% of the stock is currently owned by corporate insiders.
BorgWarner Company Profile
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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