BorgWarner Inc. (NYSE:BWA) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in BorgWarner Inc. (NYSE:BWAFree Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,806,594 shares of the auto parts company’s stock after selling 327,989 shares during the quarter. Dimensional Fund Advisors LP owned about 2.90% of BorgWarner worth $244,019,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BWA. Boston Partners increased its stake in BorgWarner by 58.9% during the 3rd quarter. Boston Partners now owns 5,267,500 shares of the auto parts company’s stock valued at $211,762,000 after buying an additional 1,951,783 shares during the period. Invesco Ltd. increased its position in shares of BorgWarner by 30.4% during the 3rd quarter. Invesco Ltd. now owns 4,399,084 shares of the auto parts company’s stock valued at $177,591,000 after purchasing an additional 1,024,361 shares during the period. Victory Capital Management Inc. raised its stake in shares of BorgWarner by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock worth $346,614,000 after buying an additional 948,659 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of BorgWarner by 85.1% in the fourth quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company’s stock valued at $59,376,000 after buying an additional 761,250 shares during the period. Finally, American Century Companies Inc. grew its holdings in BorgWarner by 18.3% during the third quarter. American Century Companies Inc. now owns 4,189,541 shares of the auto parts company’s stock worth $169,132,000 after acquiring an additional 648,633 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 3rd. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Oppenheimer boosted their target price on BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $35.00 in a research note on Tuesday, February 20th. Finally, Robert W. Baird upped their price objective on shares of BorgWarner from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and an average price target of $43.76.

Read Our Latest Research Report on BWA

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $37.62 on Tuesday. The firm has a 50 day simple moving average of $33.88 and a 200 day simple moving average of $33.65. BorgWarner Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $50.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.54 and a quick ratio of 1.20. The firm has a market cap of $8.57 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.91 and a beta of 1.30.

BorgWarner (NYSE:BWAGet Free Report) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.87 by $0.16. BorgWarner had a net margin of 4.02% and a return on equity of 15.33%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts predict that BorgWarner Inc. will post 4.02 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.17%. BorgWarner’s dividend payout ratio is presently 16.67%.

BorgWarner declared that its board has approved a stock repurchase plan on Thursday, May 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Volker Weng sold 20,000 shares of BorgWarner stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the transaction, the vice president now owns 111,964 shares of the company’s stock, valued at approximately $3,678,017.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total transaction of $99,000.00. Following the transaction, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The disclosure for this sale can be found here. In the last three months, insiders sold 251,900 shares of company stock valued at $7,870,842. 0.63% of the stock is owned by corporate insiders.

BorgWarner Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BorgWarner (NYSE:BWA)

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