LSV Asset Management grew its holdings in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 6.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,446,541 shares of the auto parts company’s stock after purchasing an additional 402,887 shares during the period. LSV Asset Management’s holdings in BorgWarner were worth $290,481,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of BorgWarner during the third quarter valued at $27,000. Sound Income Strategies LLC raised its stake in shares of BorgWarner by 9,888.9% during the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 890 shares during the last quarter. Torren Management LLC bought a new position in shares of BorgWarner during the fourth quarter valued at $48,000. Olistico Wealth LLC bought a new position in shares of BorgWarner during the fourth quarter valued at $50,000. Finally, Hantz Financial Services Inc. raised its stake in shares of BorgWarner by 32.7% during the third quarter. Hantz Financial Services Inc. now owns 1,470 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 362 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.
BorgWarner Trading Up 3.7%
BWA opened at $65.88 on Friday. BorgWarner Inc. has a twelve month low of $31.83 and a twelve month high of $70.31. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $56.38 and a 200-day moving average of $51.36. The stock has a market cap of $13.51 billion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00.
BorgWarner Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. BorgWarner’s dividend payout ratio is 40.24%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on BWA. Wolfe Research raised shares of BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Wednesday, March 25th. Barclays raised their price target on shares of BorgWarner from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wells Fargo & Company decreased their price objective on shares of BorgWarner to $68.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. JPMorgan Chase & Co. increased their price objective on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, New Street Research set a $66.00 price objective on shares of BorgWarner in a research report on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.64.
View Our Latest Analysis on BWA
Insider Activity at BorgWarner
In other BorgWarner news, CEO Joseph F. Fadool sold 29,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were 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 directly owned 405,964 shares in the company, valued at approximately $27,325,436.84. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stefan Demmerle sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the vice president owned 203,746 shares of the company’s stock, valued at $13,243,490. The trade was a 2.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 96,033 shares of company stock valued at $5,792,558 over the last 90 days. 0.76% of the stock is owned by company insiders.
About BorgWarner
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.
Featured Articles
- Five stocks we like better than BorgWarner
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding BWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BorgWarner Inc. (NYSE:BWA – Free Report).
Receive News & Ratings for BorgWarner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner and related companies with MarketBeat.com's FREE daily email newsletter.
