Dimensional Fund Advisors LP Raises Stake in BorgWarner Inc. (NYSE:BWA)

Dimensional Fund Advisors LP lifted its position in shares of BorgWarner Inc. (NYSE:BWA) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,284,040 shares of the auto parts company’s stock after buying an additional 753,344 shares during the quarter. Dimensional Fund Advisors LP owned about 0.05% of BorgWarner worth $358,720,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. purchased a new position in shares of BorgWarner during the 4th quarter worth $45,000. Avior Wealth Management LLC increased its stake in BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 342 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in BorgWarner during the fourth quarter worth about $59,000. Wilmington Savings Fund Society FSB acquired a new stake in BorgWarner in the 3rd quarter worth about $62,000. Finally, Principal Securities Inc. grew its holdings in BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $34.00 in a research report on Thursday, April 10th. Guggenheim set a $38.00 price objective on shares of BorgWarner in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Piper Sandler lowered their price target on BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.50.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 24,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were 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 directly owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 8,300 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total transaction of $249,581.00. Following the completion of the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock worth $1,347,701 in the last 90 days. 0.63% of the stock is owned by corporate insiders.

BorgWarner Trading Up 1.5 %

NYSE BWA opened at $26.42 on Monday. The stock has a market cap of $5.80 billion, a P/E ratio of 18.47, a PEG ratio of 0.77 and a beta of 1.12. The company’s fifty day simple moving average is $28.38 and its 200-day simple moving average is $31.53. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $38.23.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 predict that BorgWarner Inc. will post 4.28 EPS for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, March 3rd. BorgWarner’s dividend payout ratio is currently 30.77%.

BorgWarner 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.