GAM Holding AG Makes New Investment in BorgWarner Inc. (NYSE:BWA)

GAM Holding AG bought a new position in shares of BorgWarner Inc. (NYSE:BWA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,311 shares of the auto parts company’s stock, valued at approximately $1,186,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of BorgWarner by 3.5% during the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after buying an additional 217,050 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of BorgWarner by 21,752.6% during the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after buying an additional 4,625,685 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of BorgWarner by 19.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock worth $100,309,000 after buying an additional 445,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of BorgWarner by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,247,269 shares of the auto parts company’s stock worth $81,553,000 after buying an additional 60,935 shares during the last quarter. Finally, Ninety One UK Ltd grew its stake in shares of BorgWarner by 22.5% during the fourth quarter. Ninety One UK Ltd now owns 1,963,721 shares of the auto parts company’s stock worth $62,427,000 after buying an additional 361,112 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Insider Transactions at BorgWarner

In other BorgWarner news, VP Stefan Demmerle sold 20,544 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares of the company’s stock, valued at approximately $7,094,897.32. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Tonit M. Calaway sold 13,500 shares of the company’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 directly owns 259,310 shares of the company’s stock, valued at $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

BorgWarner Price Performance

Shares of NYSE BWA opened at $30.25 on Wednesday. The firm’s 50-day moving average price is $31.78 and its 200-day moving average price is $33.12. BorgWarner Inc. has a 1-year low of $28.65 and a 1-year high of $38.22. The firm has a market capitalization of $6.61 billion, a P/E ratio of 21.15, a P/E/G ratio of 0.63 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts anticipate that BorgWarner Inc. will post 4.54 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Barclays reduced their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price objective on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Guggenheim reissued a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

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.